Use of Financial Services: Number of Depositors at Other Deposit Takers for Madagascar
MDGFCDODDPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,418,343.38
Year-over-Year Change
32.49%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of depositors at other deposit-taking institutions in Madagascar. It provides insight into the level of financial inclusion and access to banking 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 'Use of Financial Services: Number of Depositors at Other Deposit Takers for Madagascar' metric tracks the total number of account holders at non-bank deposit-taking institutions in Madagascar. This data point is used by economists and policymakers to assess the breadth of financial access and participation in the Malagasy economy.
Methodology
The data is collected and reported by the Central Bank of Madagascar.
Historical Context
This trend is relevant for understanding financial development and inclusion policies in Madagascar.
Key Facts
- Madagascar has a population of over 27 million people.
- The number of depositors at other deposit takers was 1.2 million in 2020.
- Access to formal banking services remains limited in parts of Madagascar.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of account holders at deposit-taking institutions in Madagascar, excluding commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the level of financial inclusion and access to banking services in Madagascar, which is crucial for understanding the country's economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Madagascar.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess financial sector development and guide policies aimed at improving financial inclusion in Madagascar.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule of the Central Bank of Madagascar, and may have some lags in availability.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Other Deposit Takers for Madagascar (MDGFCDODDPENUM), retrieved from FRED.