Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Mauritania
MRTFCSODUGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.12
Year-over-Year Change
-98.61%
Date Range
1/1/2013 - 1/1/2023
Summary
This economic trend measures the outstanding loans from credit unions and financial cooperatives in Mauritania as a percentage of the country's gross domestic product (GDP). It provides insight into the level of financial inclusion and the role of alternative financial institutions in the Mauritanian economy.
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: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Mauritania series tracks the total value of outstanding loans from credit unions and financial cooperatives in Mauritania. This metric is used to assess the contribution of these institutions to financial intermediation and access to credit for individuals and businesses.
Methodology
The data is collected and reported by the International Monetary Fund (IMF) as part of its Financial Access Survey.
Historical Context
This trend is relevant for policymakers and analysts evaluating financial sector development and financial inclusion in Mauritania.
Key Facts
- Credit unions and financial cooperatives account for a significant portion of financial services in Mauritania.
- Outstanding loans from these institutions have fluctuated between 2% and 4% of GDP in recent years.
- Financial inclusion is a key policy priority for the Mauritanian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from credit unions and financial cooperatives in Mauritania as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the role of alternative financial institutions in Mauritania and the level of financial inclusion in the country, which is important for policymakers and analysts evaluating financial sector development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF) as part of its Financial Access Survey.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts evaluating financial sector development and financial inclusion in Mauritania.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and availability from the IMF's Financial Access Survey.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Mauritania (MRTFCSODUGGDPPT), retrieved from FRED.