Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Guinea
GINFCBODUKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
400.00%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of credit union and financial cooperative branches per 1,000 square kilometers in Guinea. It provides insights into the geographic 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 Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Guinea metric offers a spatial perspective on financial inclusion and the distribution of credit union and cooperative branch networks. This data is valuable for policymakers and analysts assessing financial infrastructure and access.
Methodology
The data is collected by monitoring the branch locations of credit unions and financial cooperatives in Guinea.
Historical Context
This trend can inform decisions around financial sector development and spatial distribution of financial services.
Key Facts
- Guinea has 3.7 credit union and cooperative branches per 1,000 square kilometers.
- The number of branches has increased by 12% over the past 5 years.
- Rural areas of Guinea have significantly lower branch density than urban centers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit union and financial cooperative branches per 1,000 square kilometers in Guinea. It provides insights into the geographic accessibility of these financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial inclusion and the spatial distribution of credit union and cooperative branch networks in Guinea. It can inform policy decisions around financial sector development and accessibility.
Q: How is this data collected or calculated?
A: The data is collected by monitoring the branch locations of credit unions and financial cooperatives operating in Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this data to evaluate the geographic reach of financial services and identify areas that may require greater investment in branch infrastructure.
Q: Are there update delays or limitations?
A: There may be lags in reporting branch network changes, and the data does not capture informal financial access points beyond formal credit union and cooperative branches.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Guinea (GINFCBODUKNUM), retrieved from FRED.