Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Benin
BENFCBODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.98
Year-over-Year Change
66.55%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the number of credit union and financial cooperative branches per 100,000 adults in Benin, providing insights into the geographical reach and accessibility of these financial institutions.
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: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Benin' metric tracks the density of credit union and cooperative branch locations relative to the adult population, serving as an indicator of financial inclusion and the availability of community-based financial services.
Methodology
The data is collected and reported by the Benin national authorities.
Historical Context
This trend is relevant for understanding the development of Benin's financial infrastructure and the ability of the population to access credit union and cooperative services.
Key Facts
- Benin had 6.27 credit union and cooperative branches per 100,000 adults in 2020.
- The trend has shown steady growth over the past decade, indicating improved financial access.
- Credit unions and cooperatives play a significant role in Benin's rural and underserved communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit union and financial cooperative branches per 100,000 adults in Benin, providing insights into the geographical reach and accessibility of these community-based financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development of Benin's financial infrastructure and the ability of the population to access credit union and cooperative services, which are important for financial inclusion and community-based economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Benin national authorities.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial institutions to assess the progress of financial inclusion and the accessibility of community-based financial services in Benin.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in the coverage or consistency of reporting across different regions and time periods.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Benin (BENFCBODUANUM), retrieved from FRED.