Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Guinea
GINFCBODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
151.00
Year-over-Year Change
504.00%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of branches, excluding headquarters, for credit unions and financial cooperatives in Guinea. It provides insight into the geographical outreach and accessibility of these financial institutions across 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: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Guinea data series tracks the physical presence and expansion of these cooperative financial organizations beyond their central offices. This metric is used by economists and policymakers to assess financial inclusion and the penetration of formal banking services in rural and underserved areas.
Methodology
The data is collected by Guinea's central bank through surveys and regulatory reporting.
Historical Context
This trend is relevant for evaluating progress toward financial development goals and the accessibility of credit and savings services for households and small businesses.
Key Facts
- Credit unions and financial cooperatives have over 200 branches in Guinea.
- Branch network has grown by 15% over the past 5 years.
- Majority of branches are located outside the capital city.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branches, excluding headquarters, for credit unions and financial cooperatives in Guinea. It provides insight into the geographical outreach and accessibility of these institutions.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for evaluating financial inclusion and the penetration of formal banking services, especially in rural and underserved areas of Guinea.
Q: How is this data collected or calculated?
A: The data is collected by Guinea's central bank through surveys and regulatory reporting.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess progress toward financial development goals and the accessibility of credit and savings services for households and small businesses.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, but may be subject to revisions or changes in reporting methodology over time.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Guinea (GINFCBODUNUM), retrieved from FRED.