Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Romania
ROUFCIODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.00
Year-over-Year Change
-35.29%
Date Range
1/1/2008 - 1/1/2024
Summary
This economic trend measures the number of credit unions and financial cooperatives operating in Romania. It provides insight into the geographic coverage and accessibility of these financial institutions for Romanian consumers and businesses.
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 Romania' metric tracks the total count of these community-based financial service providers across the country. This data point is useful for analyzing the breadth of the non-bank financial sector and its role in promoting financial inclusion.
Methodology
The data is collected and reported by the National Bank of Romania.
Historical Context
Policymakers and market analysts use this metric to monitor the evolution of Romania's credit union and cooperative network.
Key Facts
- Romania had 467 credit unions and financial cooperatives as of the latest data.
- The total number of these institutions has remained relatively stable in recent years.
- Credit unions and cooperatives play a significant role in providing financial services to underserved communities in Romania.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of credit unions and financial cooperatives operating in Romania. It provides insight into the geographic coverage and accessibility of these community-based financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for understanding the breadth of the non-bank financial sector and its role in promoting financial inclusion in Romania.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Romania.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to monitor the evolution of Romania's credit union and cooperative network and its impact on financial access and inclusion.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the National Bank of Romania, but there may be some delays in publication.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Romania (ROUFCIODUNUM), retrieved from FRED.