Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Lesotho
LSOFCBODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
100.00%
Date Range
1/1/2012 - 1/1/2022
Summary
This economic trend tracks the number of branch locations, excluding headquarters, for credit unions and financial cooperatives in Lesotho. It provides insights 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 Lesotho metric measures the physical presence and distribution of these institutions beyond their central operations. This data is used by policymakers and analysts to assess financial inclusion and the ability of Lesotho's population to access vital banking and cooperative services.
Methodology
The data is collected through surveys and reports from financial regulators in Lesotho.
Historical Context
Trends in branch network expansion are closely monitored to understand financial sector development and the availability of financial services to communities.
Key Facts
- Lesotho has over 120 credit unions and financial cooperatives.
- Branch locations provide critical access to banking and lending services.
- The number of branches has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of branch locations, excluding headquarters, for credit unions and financial cooperatives in Lesotho.
Q: Why is this trend relevant for users or analysts?
A: The data provides insights into the geographical outreach and accessibility of these financial institutions, which is crucial for understanding financial inclusion in Lesotho.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial regulators in Lesotho.
Q: How is this trend used in economic policy?
A: Trends in branch network expansion are closely monitored to understand financial sector development and the availability of financial services to communities.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delays in reporting from financial institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Lesotho (LSOFCBODUNUM), retrieved from FRED.