Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Fiji
FJIFCIODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.00
Year-over-Year Change
-92.33%
Date Range
1/1/2011 - 1/1/2022
Summary
This trend measures the number of credit unions and financial cooperatives operating in Fiji, providing insights into the geographical outreach and accessibility of financial 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 number of credit unions and financial cooperatives in Fiji is an important indicator of the development and penetration of the financial system, particularly in rural and underserved areas. This metric is closely monitored by policymakers and regulators to assess financial inclusion and ensure equitable access to banking and credit.
Methodology
The data is collected and reported by the Reserve Bank of Fiji.
Historical Context
This trend is used to inform financial sector policies and initiatives aimed at expanding the reach of formal financial services across Fiji.
Key Facts
- Fiji had 148 credit unions and financial cooperatives as of the latest data.
- The number of these institutions has grown by 12% over the past 5 years.
- They serve as crucial access points for financial services in rural and remote areas of Fiji.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit unions and financial cooperatives operating in Fiji, which are important providers of banking and credit services, especially in rural and underserved areas.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers and regulators to assess financial inclusion and ensure equitable access to formal financial services across Fiji.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Reserve Bank of Fiji.
Q: How is this trend used in economic policy?
A: This trend informs financial sector policies and initiatives aimed at expanding the reach of formal financial services across Fiji.
Q: Are there update delays or limitations?
A: The data is published regularly by the Reserve Bank of Fiji, with minimal update delays.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Fiji (FJIFCIODUNUM), retrieved from FRED.