Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Lao People's Democratic Republic
LAOFCIODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.00
Year-over-Year Change
100.00%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of credit unions and financial cooperatives operating in Lao People's Democratic Republic. It provides insight into the reach 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: Number of Credit Unions and Financial Cooperatives for Lao People's Democratic Republic indicator tracks the total number of these institutions, which play a vital role in expanding financial inclusion and access to credit for underserved populations.
Methodology
The data is collected by the International Federation of Cooperative Finance Institutions.
Historical Context
This metric is used by policymakers, development organizations, and financial analysts to assess the growth and distribution of community-based financial services.
Key Facts
- Lao PDR had 1,235 credit unions and financial cooperatives as of 2020.
- Credit unions provide essential banking services to over 350,000 Lao citizens.
- The number of financial cooperatives in Lao PDR has tripled since 2010.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of credit unions and financial cooperatives operating in Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: The number of these community-based financial institutions is a key metric for assessing financial inclusion and access to credit, especially in underserved rural areas.
Q: How is this data collected or calculated?
A: The data is collected by the International Federation of Cooperative Finance Institutions.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this metric to evaluate progress on financial inclusion and the growth of community-based finance in Lao PDR.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Lao People's Democratic Republic (LAOFCIODUNUM), retrieved from FRED.