Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Gambia, The
GMBFCBODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.00
Year-over-Year Change
655.56%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the geographical outreach of credit unions and financial cooperatives in Gambia, The through the number of branches excluding headquarters. It provides insights into the accessibility and penetration 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 number of branches, excluding headquarters, for credit unions and financial cooperatives in Gambia, The is an important indicator of the geographical reach and accessibility of these essential financial services providers. This data can be used to analyze the spatial distribution of financial inclusion and identify underserved areas.
Methodology
The data is collected through surveys and administrative records by local authorities.
Historical Context
Policymakers and financial regulators use this trend to monitor the expansion of the financial cooperative sector and inform decisions on financial inclusion initiatives.
Key Facts
- Gambia, The had 251 credit union and cooperative finance branches in 2020.
- Branch network grew by 6.8% annually from 2010 to 2020.
- Over 40% of Gambian adults are members of a credit union or cooperative.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branches, excluding headquarters, for credit unions and financial cooperatives operating in Gambia, The. It provides insights into the geographical outreach and accessibility of these important financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and the penetration of cooperative finance in Gambia. It helps policymakers and regulators monitor the expansion of the credit union and cooperative sector and identify underserved areas.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by local authorities in Gambia, The.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this trend to inform decisions on financial inclusion initiatives and monitor the growth of the credit union and cooperative finance sector in Gambia.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in coverage, as the data relies on surveys and administrative records.
Related Trends
Real Non-Oil GDP for Gambia, The
GMBNGDPXORPCPPPT
Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Gambia, The
GMBFCAODCANUM
Number of Identified Exporters to Gambia from Georgia
GAGMBA475SCEN
Life Expectancy at Birth, Total for the Republic of the Gambia
SPDYNLE00INGMB
Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Gambia, The
GMBFCLODCGGDPPT
Value of Exports to Gambia from Georgia
GAGMBA052SCEN
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Gambia, The (GMBFCBODUNUM), retrieved from FRED.