Use of Financial Services: Number of Loan Accounts at Other Other Financial Intermediaries for Maldives
MDVFCNFONUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,850.00
Year-over-Year Change
1080.45%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of loan accounts at other financial intermediaries in Maldives, providing insights into the use of financial 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 Loan Accounts at Other Other Financial Intermediaries for Maldives' metric tracks the total number of loan accounts held at non-bank financial institutions in Maldives. This data point is used by economists and policymakers to analyze financial inclusion and the overall development of the Maldivian financial sector.
Methodology
The data is collected through surveys and reports from financial intermediaries in Maldives.
Historical Context
This trend is relevant for understanding access to credit and the growth of alternative financing options in the Maldivian economy.
Key Facts
- Maldives is an island nation in the Indian Ocean.
- The Maldivian financial sector is dominated by non-bank institutions.
- Access to credit is crucial for economic growth in developing countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held at non-bank financial institutions in Maldives, providing insights into financial inclusion and the development of the Maldivian financial sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding access to credit and the growth of alternative financing options in the Maldivian economy, which is crucial for economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial intermediaries in Maldives.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze financial inclusion and the overall development of the Maldivian financial sector, which informs economic policies and strategies.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or limited coverage of the Maldivian financial sector, which should be considered when interpreting the trend.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Other Financial Intermediaries for Maldives (MDVFCNFONUM), retrieved from FRED.