Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Madagascar
MDGFCIODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of deposit-taking institutions, including banks and microfinance institutions, in Madagascar. It provides insights into the geographic reach and accessibility of the country's financial services sector.
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 Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Madagascar data series tracks the total number of financial institutions in the country that accept deposits from the public. This metric is used to assess the inclusiveness and development of Madagascar's financial infrastructure.
Methodology
The data is collected and reported by the Central Bank of Madagascar.
Historical Context
This trend is relevant for policymakers and development organizations seeking to expand financial access and inclusion in Madagascar.
Key Facts
- Madagascar has over 250 deposit-taking financial institutions.
- The number of institutions has grown by 20% over the past 5 years.
- Microfinance institutions account for 40% of the total institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit-taking financial institutions, including banks and microfinance institutions, operating in Madagascar.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the geographic reach and accessibility of financial services in Madagascar, which is important for assessing financial inclusion and the development of the country's financial infrastructure.
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 development organizations use this data to evaluate and inform efforts to expand financial access and inclusion in Madagascar.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Central Bank of Madagascar, with a typical 3-month lag.
Related Trends
Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Non-deposit Taking Microfinance Institutions (MFIs) for Madagascar
MDGFCBMFNLNUM
Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Madagascar
MDGFCIOFMNUM
Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Non-deposit Taking Microfinance Institutions (MFIs for Madagascar
MDGFCRMFSPENUM
Geographical Outreach: Key Indicators, Mobile Banking, Active Agent Outlets Per 1000 Km2 for Madagascar
MDGFCMOAKNUM
Value of Exports to Madagascar from New Jersey
NJMDGA052SCEN
Consumer Prices at End of Period for Madagascar
MDGPCPIEOPPCPPPT
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Madagascar (MDGFCIODMFNUM), retrieved from FRED.