Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Solomon Islands
SLBFCBODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.36
Year-over-Year Change
-57.60%
Date Range
1/1/2004 - 1/1/2021
Summary
This economic trend measures the number of credit union and financial cooperative branches per 100,000 adults in Solomon Islands, providing insights into the geographical outreach of these financial institutions.
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 100,000 Adults for Solomon Islands series tracks the density of credit union and cooperative branch locations relative to the adult population. This metric is used to assess financial inclusion and access to banking services in the region.
Methodology
The data is collected through surveys and reports from financial regulators and industry associations.
Historical Context
Policymakers and financial analysts use this indicator to evaluate financial sector development and guide policies aimed at improving access to formal financial services.
Key Facts
- Solomon Islands has a population of around 700,000 people.
- There are approximately 30 credit union and cooperative branches in the country.
- The branch density is around 4 per 100,000 adults.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit union and financial cooperative branches per 100,000 adults in Solomon Islands, providing insights into the geographical outreach of these financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric is used to assess financial inclusion and access to banking services in the region, which is important for policymakers and financial analysts evaluating financial sector development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial regulators and industry associations.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this indicator to evaluate financial sector development and guide policies aimed at improving access to formal financial services.
Q: Are there update delays or limitations?
A: The data may have limited availability or timeliness depending on reporting frequencies from the relevant institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Solomon Islands (SLBFCBODUANUM), retrieved from FRED.