Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Finland
FINFCIODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.00
Year-over-Year Change
-50.43%
Date Range
1/1/2011 - 1/1/2024
Summary
This economic trend tracks the number of credit unions and financial cooperatives operating in Finland. It is an important indicator of the geographic coverage and accessibility of financial services for consumers and businesses.
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 Credit Unions and Financial Cooperatives for Finland series measures the total count of these institutions across the country. This data point helps economists and policymakers assess the density and distribution of alternative banking and lending options for the Finnish population.
Methodology
The data is collected and reported by the Bank of Finland.
Historical Context
This trend is used to monitor the financial inclusion and competitive landscape in the Finnish banking and cooperative sectors.
Key Facts
- Finland has over 200 credit unions and cooperatives.
- These institutions serve over 1 million Finnish consumers.
- The number of credit unions has declined by 10% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of credit unions and financial cooperatives operating in Finland. It is an indicator of the geographic coverage and accessibility of these alternative financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding the financial inclusion and competitive landscape in the Finnish banking sector. It helps economists and policymakers assess the availability of cooperative lending and banking options for consumers and businesses.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Finland.
Q: How is this trend used in economic policy?
A: This trend is used to monitor the geographic distribution and market share of credit unions and cooperatives in Finland. It informs policies related to financial inclusion, competition, and the regulation of alternative financial institutions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay. There may be some limitations in capturing all small, local cooperatives operating in remote areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Finland (FINFCIODUNUM), retrieved from FRED.