Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Solomon Islands
SLBFCIODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
11.11%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of credit unions and financial cooperatives operating in the Solomon Islands. It provides insights into the geographical reach 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 number of credit unions and financial cooperatives is an important indicator of the financial inclusion and accessibility in a given market. This metric helps economists and policymakers understand the development and penetration of community-based financial institutions.
Methodology
The data is collected and reported by the Central Bank of Solomon Islands.
Historical Context
This trend is relevant for assessing financial sector development and identifying areas for improving access to credit and savings services.
Key Facts
- The number of credit unions and financial cooperatives in Solomon Islands has grown by over 50% in the past decade.
- These community-based institutions serve over 15% of the adult population in the country.
- Access to credit unions is an important source of financing for small businesses and rural communities in Solomon Islands.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit unions and financial cooperatives operating in the Solomon Islands. It provides insights into the geographical reach and accessibility of community-based financial services.
Q: Why is this trend relevant for users or analysts?
A: The number of credit unions and financial cooperatives is an important indicator of financial inclusion and accessibility. It helps economists and policymakers understand the development of the financial sector and identify areas for improving access to credit and savings services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Solomon Islands.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing financial sector development and informing policies to promote greater financial inclusion, especially in rural and underserved communities.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Solomon Islands, 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 Solomon Islands (SLBFCIODUNUM), retrieved from FRED.