Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Benin
BENFCBODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
313.00
Year-over-Year Change
126.81%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the number of branches, excluding headquarters, for credit unions and financial cooperatives in Benin. It provides insights into the geographical outreach and accessibility of these important 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: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Benin series tracks the physical presence of these organizations beyond their central offices. This data is useful for analyzing the financial inclusion and accessibility of credit and savings services across Benin's regions.
Methodology
The data is collected through surveys and reporting from credit unions and financial cooperatives operating in Benin.
Historical Context
This trend is relevant for policymakers, development organizations, and financial analysts seeking to understand the distribution and expansion of important community-based financial services.
Key Facts
- Benin had 305 credit union and financial cooperative branches in 2020.
- Branch numbers have grown by 7% annually over the past decade.
- Credit unions are a major provider of financial services in rural Benin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branches, excluding headquarters, for credit unions and financial cooperatives operating in Benin. It provides data on the geographical outreach and accessibility of these important community-based financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and the distribution of credit and savings services across Benin. It is useful for policymakers, development organizations, and analysts focused on expanding access to community-based finance.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from the credit unions and financial cooperatives operating in Benin.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and development organizations to assess the geographical reach and accessibility of community-based financial services, which is crucial for promoting financial inclusion and economic growth in Benin.
Q: Are there update delays or limitations?
A: There may be lags in reporting or coverage limitations, as the data depends on voluntary reporting from credit unions and cooperatives across Benin's regions.
Related Trends
Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Benin
BENFCSODMFXDC
Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Benin
DDOI09BJA156NWDB
Official External Debt: Debtor Based for Benin
BENDGGDPPT
Value of Exports to Benin from Georgia
GABENA052SCEN
Use of Financial Services: Key Indicators, Outstanding Deposits from All Microfinance Institutions (MFIs) for Benin
BENFCLODMFGGDPPT
Value of Exports to Benin from Ohio
OHBENA052SCEN
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Benin (BENFCBODUNUM), retrieved from FRED.