Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Liberia
LBRFCIODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.00
Year-over-Year Change
227.50%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the number of credit unions and financial cooperatives operating in Liberia, providing insights into the geographical outreach and 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: Number of Credit Unions and Financial Cooperatives for Liberia series tracks the total number of these institutions, which play a vital role in financial inclusion and community-based economic development.
Methodology
The data is collected by Liberian financial regulators and reported to international organizations.
Historical Context
This trend is used by policymakers and development economists to assess progress in expanding access to financial services.
Key Facts
- Liberia has over 250 registered credit unions and financial cooperatives.
- Credit unions serve over 100,000 Liberian members, or about 2% of the population.
- The number of these institutions has grown by 50% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of credit unions and financial cooperatives operating in Liberia, providing insights into the geographical outreach and accessibility of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and community-based economic development in Liberia, as credit unions and cooperatives play a vital role in expanding access to banking and credit, especially in rural areas.
Q: How is this data collected or calculated?
A: The data is collected by Liberian financial regulators and reported to international organizations.
Q: How is this trend used in economic policy?
A: Policymakers and development economists use this trend to assess progress in expanding access to financial services and promote financial inclusion in Liberia.
Q: Are there update delays or limitations?
A: There may be occasional delays in reporting or gaps in data coverage, as the information is collected by national financial authorities.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Liberia (LBRFCIODUNUM), retrieved from FRED.