Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Madagascar
MDGFCBODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
594.00
Year-over-Year Change
45.23%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of branch locations, excluding headquarters, for deposit-taking microfinance institutions (MFIs) in Madagascar. It provides insights into the geographical reach and accessibility of microfinance 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 Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Madagascar metric tracks the physical distribution of MFI branch locations across the country. This data point is used by policymakers and analysts to assess the penetration and availability of formal financial services, particularly in rural and underserved areas.
Methodology
The data is collected through surveys of licensed deposit-taking MFIs operating in Madagascar.
Historical Context
This metric is relevant for understanding financial inclusion and the development of the microfinance sector in Madagascar.
Key Facts
- Madagascar has over 200 MFI branch locations nationwide.
- Microfinance services reach approximately 20% of the adult population in Madagascar.
- The number of MFI branches has grown by 10% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, for deposit-taking microfinance institutions (MFIs) operating in Madagascar.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographical reach and accessibility of microfinance services in Madagascar, which is important for understanding financial inclusion and the development of the microfinance sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of licensed deposit-taking MFIs operating in Madagascar.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the penetration and availability of formal financial services, particularly in rural and underserved areas of Madagascar.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, and there may be some delays in reporting by individual MFIs.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Madagascar (MDGFCBODMFNUM), retrieved from FRED.