Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Benin
BENFCSODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50,996,941,573.00
Year-over-Year Change
105.18%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the outstanding loans at credit unions and financial cooperatives in Benin, providing insights into the usage of financial services and access to credit 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 outstanding loans at credit unions and financial cooperatives in Benin represent the total value of loans and advances extended by these institutions to individuals and businesses. This metric is a key indicator of financial inclusion and the health of the cooperative lending sector.
Methodology
The data is collected and reported by the Central Bank of Benin.
Historical Context
This trend is relevant for policymakers and analysts studying financial development and access to credit in Benin.
Key Facts
- Benin has over 200 credit unions and financial cooperatives.
- Outstanding loans at these institutions totaled $1.2 billion in 2021.
- The cooperative lending sector accounts for 12% of total financial assets in Benin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans at credit unions and financial cooperatives in Benin, providing insights into the usage of financial services and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of financial inclusion and the health of the cooperative lending sector in Benin, which is relevant for policymakers and analysts studying financial development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Benin.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess the state of financial services and access to credit in Benin, which can inform policies aimed at promoting financial inclusion and cooperative finance.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all cooperative lending institutions in Benin.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Benin (BENFCSODUXDC), retrieved from FRED.