Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Guinea
GINFCBODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.86
Year-over-Year Change
251.52%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of credit union and financial cooperative branches per 100,000 adults in Guinea. It provides insights into the geographical outreach 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 Guinea' series tracks the density of credit union and cooperative financial branches relative to the adult population. This data is used to assess financial inclusion and the reach of community-based banking services.
Methodology
The data is collected through surveys and reports from financial regulatory authorities in Guinea.
Historical Context
Policymakers and economists analyze this trend to evaluate financial sector development and access to banking services.
Key Facts
- Guinea has a population of over 13 million people.
- The average number of credit union and cooperative branches per 100,000 adults in Guinea is XX.X.
- Access to financial services is a key component of economic growth and poverty reduction.
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 Guinea. It provides insights into the geographical outreach 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 financial inclusion and access to banking services in Guinea. It helps policymakers and economists assess the development of the financial sector and identify areas for improvement.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial regulatory authorities in Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to evaluate financial sector development and access to banking services, which are key components of economic growth and poverty reduction.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the reporting authorities. Users should check the latest available information and be aware of any potential delays or limitations in the data.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Guinea (GINFCBODUANUM), retrieved from FRED.