Use of Financial Services Borrowers: Persons Borrowing from Other Financial Intermediaries for Madagascar
MDGFCRMPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,132.00
Year-over-Year Change
14050.00%
Date Range
1/1/2006 - 1/1/2017
Summary
This economic trend measures the use of financial services by borrowers in Madagascar, specifically the number of persons borrowing from other financial intermediaries. It provides insights into the financial inclusion and access to credit 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 Borrowers: Persons Borrowing from Other Financial Intermediaries for Madagascar' trend tracks the number of individuals in Madagascar who borrow from non-bank financial institutions, such as microfinance organizations and other specialized lenders. This data point is important for understanding financial inclusion and access to credit in the Malagasy economy.
Methodology
The data is collected through surveys and administrative records by the Central Bank of Madagascar.
Historical Context
This trend is relevant for policymakers, financial institutions, and economists analyzing financial sector development and financial inclusion in Madagascar.
Key Facts
- Madagascar has a population of over 27 million people.
- The financial sector in Madagascar is still developing, with limited access to formal banking services.
- Microfinance institutions play a significant role in providing credit to underserved populations in Madagascar.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of persons in Madagascar who borrow from non-bank financial institutions, such as microfinance organizations and other specialized lenders.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into financial inclusion and access to credit in the Malagasy economy, which is important for policymakers, financial institutions, and economists analyzing financial sector development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the Central Bank of Madagascar.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to assess the level of financial inclusion and access to credit in Madagascar, which can inform policies and initiatives to promote financial sector development.
Q: Are there update delays or limitations?
A: The data may be subject to collection and reporting delays, and the coverage and methodology may vary over time.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Other Financial Intermediaries for Madagascar (MDGFCRMPENUM), retrieved from FRED.