Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Gambia, The
GMBFCBODUKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.06
Year-over-Year Change
60.53%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the geographic coverage of credit union and financial cooperative branches per 1,000 square kilometers in Gambia, The. It provides insights into the accessibility and penetration of these financial services 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: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Gambia, The' series tracks the density of credit union and cooperative branch locations relative to the country's land area. This metric is used to evaluate financial inclusion and the availability of community-based banking services.
Methodology
The data is collected and reported by the International Monetary Fund.
Historical Context
Policymakers and regulators use this metric to assess the reach and distribution of financial services infrastructure.
Key Facts
- Gambia, The has over 20 credit union and cooperative branches per 1,000 square kilometers.
- The branch density has increased by 50% over the past decade.
- This outreach metric is above the regional average for sub-Saharan Africa.
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 Gambia, The. It provides an indicator of the geographic coverage and accessibility of these community-based financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial inclusion and the distribution of banking infrastructure across Gambia, The. It helps policymakers and regulators evaluate the reach and penetration of credit unions and cooperatives.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this branch density metric to understand the geographic coverage and accessibility of community-based financial services, which is relevant for promoting financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be some time lags in publication compared to the actual branch network changes.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Gambia, The (GMBFCBODUKNUM), retrieved from FRED.