Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Lesotho
LSOFCBODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
117.15%
Date Range
1/1/2012 - 1/1/2022
Summary
This economic trend measures the number of credit union and financial cooperative branches per 100,000 adults in Lesotho. It provides insight into the geographical outreach 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: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Lesotho data series tracks the density of financial institution branches, which is an important indicator of financial inclusion and access to banking services for the population.
Methodology
The data is collected by the World Bank from official national sources.
Historical Context
This metric is used by policymakers and analysts to assess the development and penetration of the financial sector in Lesotho.
Key Facts
- Lesotho had 8.84 credit union and financial cooperative branches per 100,000 adults in 2020.
- The number of branches declined from 9.15 per 100,000 adults in 2019.
- Increasing branch density is a key goal for improving financial inclusion in Lesotho.
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 Lesotho, providing insight into the geographical outreach and accessibility of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the development and penetration of the financial sector in Lesotho, as branch density is a key indicator of financial inclusion and access to banking services for the population.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from official national sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the financial sector's outreach and inform policies aimed at improving financial inclusion in Lesotho.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Lesotho (LSOFCBODUANUM), retrieved from FRED.