Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Deposit Taking Microfinance Institutions (MFIs) for Madagascar
MDGFCAODMFSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,027.00
Year-over-Year Change
2069.27%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the use of deposit accounts by small and medium enterprises (SMEs) at deposit-taking microfinance institutions (MFIs) in Madagascar. It provides insights into financial inclusion and access to formal banking services for SMEs.
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 Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Deposit Taking Microfinance Institutions (MFIs) for Madagascar metric tracks the number of active deposit accounts held by SMEs at MFIs in the country. This data point is used to evaluate the extent of financial inclusion and access to formal banking services for smaller businesses.
Methodology
The data is collected through surveys of deposit-taking MFIs operating in Madagascar.
Historical Context
This trend is relevant for policymakers and development organizations seeking to promote financial inclusion and small business growth.
Key Facts
- Madagascar has over 250 active deposit-taking MFIs.
- SME deposit accounts make up 40% of total MFI deposits.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of active deposit accounts held by small and medium enterprises (SMEs) at deposit-taking microfinance institutions (MFIs) in Madagascar.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and access to formal banking services for smaller businesses in Madagascar, which is useful for policymakers and development organizations.
Q: How is this data collected or calculated?
A: The data is collected through surveys of deposit-taking MFIs operating in Madagascar.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and development organizations seeking to promote financial inclusion and small business growth in Madagascar.
Q: Are there update delays or limitations?
A: The data may have some delays in reporting due to the survey-based collection method.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Deposit Taking Microfinance Institutions (MFIs) for Madagascar (MDGFCAODMFSNUM), retrieved from FRED.