Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Canada
CANFCBODUKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.29
Year-over-Year Change
-35.90%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of credit union and financial cooperative branches per 1,000 square kilometers in Canada. It provides insights into the geographic accessibility of these financial services across 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 Canada metric tracks the spatial distribution of credit union and cooperative branch locations. This data point is useful for analyzing financial inclusion and the reach of community-based banking services.
Methodology
The data is collected through surveys of credit unions and financial cooperatives operating in Canada.
Historical Context
Policymakers and financial regulators use this metric to assess financial access and identify underserved regions.
Key Facts
- Canada has over 700 credit union and cooperative branches nationwide.
- The branch density varies significantly by province and territory.
- Northern regions generally have lower branch coverage per square kilometer.
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 Canada. It provides insights into the geographic accessibility of these financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for analyzing financial inclusion and the reach of community-based banking services across Canada.
Q: How is this data collected or calculated?
A: The data is collected through surveys of credit unions and financial cooperatives operating in Canada.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this metric to assess financial access and identify underserved regions in Canada.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or inconsistencies in branch coverage across different financial institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Canada (CANFCBODUKNUM), retrieved from FRED.