Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Sri Lanka
LKAFCIOFMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
-55.56%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the number of non-deposit taking microfinance institutions (MFIs) in Sri Lanka, providing insights into the outreach and accessibility of financial services in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Sri Lanka trend tracks the count of MFIs that do not accept deposits, focusing on the overall reach and distribution of these institutions across the country.
Methodology
The data is collected by the Central Bank of Sri Lanka through annual surveys of financial intermediaries.
Historical Context
This metric is used by policymakers and development organizations to assess financial inclusion and the penetration of microfinance services in the Sri Lankan market.
Key Facts
- Sri Lanka had 13 non-deposit taking MFIs as of the latest data.
- Microfinance access has expanded rapidly in Sri Lanka in the past decade.
- MFIs play a key role in providing financial services to underserved communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of non-deposit taking microfinance institutions (MFIs) operating in Sri Lanka, providing insights into the overall outreach and accessibility of microfinance services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial inclusion and the penetration of microfinance in the Sri Lankan market, which is crucial for policymakers and development organizations working to expand access to financial services.
Q: How is this data collected or calculated?
A: The data is collected annually by the Central Bank of Sri Lanka through surveys of financial intermediaries.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this metric to evaluate the progress of financial inclusion initiatives and the overall accessibility of microfinance services in Sri Lanka.
Q: Are there update delays or limitations?
A: The data is published annually, with a delay of several months, and may not capture all non-deposit taking MFIs operating in the country.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Sri Lanka (LKAFCIOFMFNNUM), retrieved from FRED.