Use of Financial Services: Key Indicators, Depositors/customers with All Microfinance Institutions (MFIs) Per 1000 Adults for Malawi
MWIFCDODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.59
Year-over-Year Change
0.00%
Date Range
1/1/2013 - 1/1/2013
Summary
This trend measures the number of depositors or customers with microfinance institutions (MFIs) per 1,000 adults in Malawi. It provides insights into financial inclusion and access to formal 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: Key Indicators data series tracks various metrics related to the usage of financial services, including the number of depositors and borrowers served by MFIs. This particular indicator offers a gauge of how many adults in Malawi have accounts with or access to microfinance institutions.
Methodology
The data is collected directly from microfinance institutions operating in Malawi.
Historical Context
This metric is used by policymakers, development organizations, and economists to assess financial inclusion and progress towards expanding access to formal banking in Malawi.
Key Facts
- Malawi has a population of over 19 million people.
- Only 34% of Malawian adults had an account at a formal financial institution as of 2017.
- Microfinance is an important part of expanding financial inclusion in Malawi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors or customers with microfinance institutions (MFIs) per 1,000 adults in Malawi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and access to formal banking services in Malawi, which is important for assessing economic development and progress towards expanding financial access.
Q: How is this data collected or calculated?
A: The data is collected directly from microfinance institutions operating in Malawi.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, development organizations, and economists to assess financial inclusion and progress towards expanding access to formal banking in Malawi.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or inconsistencies from the various microfinance institutions in Malawi.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors/customers with All Microfinance Institutions (MFIs) Per 1000 Adults for Malawi (MWIFCDODMFANUM), retrieved from FRED.