Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Benin
BENFCBODUKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.10
Year-over-Year Change
126.62%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the number of credit union and financial cooperative branches per 1,000 square kilometers in Benin. It provides insights into the geographic coverage 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: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Benin data series tracks the spatial distribution of financial institutions, which is an important factor in financial inclusion and economic development.
Methodology
The data is collected by surveying and cataloging the branch locations of credit unions and financial cooperatives throughout Benin.
Historical Context
Policymakers use this metric to assess the reach and penetration of the financial system in rural and underserved areas.
Key Facts
- Benin has over 2,800 credit union and financial cooperative branches.
- The average branch density is 2.5 per 1,000 square kilometers.
- Branch coverage is highest in southern Benin near major urban centers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit union and financial cooperative branches per 1,000 square kilometers in Benin, providing insights into the geographic coverage of financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding financial inclusion and access to financial services, especially in rural and underserved areas of Benin.
Q: How is this data collected or calculated?
A: The data is collected by surveying and cataloging the branch locations of credit unions and financial cooperatives throughout Benin.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the reach and penetration of the financial system and inform strategies to improve financial inclusion in Benin.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of approximately 6 months. Coverage may be limited to formally registered institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Benin (BENFCBODUKNUM), retrieved from FRED.