Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Ecuador
ECUFCBODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.38
Year-over-Year Change
102.54%
Date Range
1/1/2013 - 1/1/2023
Summary
This trend measures the number of credit union and financial cooperative branches per 100,000 adults in Ecuador, providing insights into the geographical outreach and accessibility 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 Ecuador data series tracks the density of branch locations operated by credit unions and financial cooperatives relative to the adult population. This metric is used to assess financial inclusion and the ability of these institutions to serve communities across the country.
Methodology
The data is collected through surveys and reports from Ecuador's financial regulatory authorities.
Historical Context
Policymakers and development organizations utilize this indicator to evaluate financial sector development and design strategies to improve access to formal banking services.
Key Facts
- Ecuador had 21.8 credit union and financial cooperative branches per 100,000 adults in 2021.
- The branch density increased by 3.8% from 2020 to 2021.
- Credit unions and cooperatives play a significant role in Ecuador's financial sector.
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 Ecuador, providing insights into the geographical outreach and accessibility of these financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for policymakers and development organizations to evaluate financial sector development and design strategies to improve access to formal banking services in Ecuador.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Ecuador's financial regulatory authorities.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations utilize this indicator to evaluate financial sector development and design strategies to improve access to formal banking services.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting from the regulatory authorities.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Ecuador (ECUFCBODUANUM), retrieved from FRED.