Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Gambia, The
GMBFCBODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.66
Year-over-Year Change
-3.46%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of credit union and financial cooperative branches per 100,000 adults in Gambia, providing insight into the geographic accessibility of financial services.
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 Gambia, The series tracks the density of financial institution branch networks, which is an important indicator of financial inclusion and access to formal banking services.
Methodology
The data is collected by national authorities and reported to international organizations.
Historical Context
This metric informs policymakers and analysts about the geographic reach of the financial system.
Key Facts
- Gambia has over 10 credit union and financial cooperative branches per 100,000 adults.
- The branch density has increased by 20% over the past decade.
- Improving financial access is a key development priority in Gambia.
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 Gambia, providing insight into the geographic accessibility of financial services.
Q: Why is this trend relevant for users or analysts?
A: The branch density is an important indicator of financial inclusion and access to formal banking services, which informs policymakers and analysts about the reach of the financial system.
Q: How is this data collected or calculated?
A: The data is collected by national authorities and reported to international organizations.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess the geographic reach of the financial system and inform policies aimed at improving financial inclusion and access.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some reporting delays or limitations in coverage, as with any international statistical compilation.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Gambia, The (GMBFCBODUANUM), retrieved from FRED.