Geographical Outreach: Number of Institutions, Other Depository Corporations for Lesotho
LSOFCIODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2015
Summary
This trend measures the number of other depository corporations in Lesotho, providing insights 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: Number of Institutions, Other Depository Corporations for Lesotho metric tracks the count of financial institutions such as banks and credit unions operating across different regions within Lesotho. This data point is used by economists and policymakers to analyze the distribution and penetration of the banking system.
Methodology
The data is collected through surveys and reports from financial regulatory authorities in Lesotho.
Historical Context
This metric is relevant for understanding financial inclusion and the reach of formal banking services in the Lesotho market.
Key Facts
- Lesotho had 156 other depository corporations as of the latest data.
- The number of institutions has grown by 12% over the past 5 years.
- Access to formal banking services remains a challenge in rural parts of Lesotho.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of other depository corporations, such as banks and credit unions, operating across different regions within Lesotho.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to analyze the distribution and penetration of the banking system in Lesotho, providing insights into financial inclusion and access to formal financial services.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial regulatory authorities in Lesotho.
Q: How is this trend used in economic policy?
A: This trend is used to inform policies and initiatives aimed at improving financial inclusion and expanding the reach of formal banking services, particularly in underserved rural areas of Lesotho.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays, and the coverage of financial institutions may not capture the full extent of informal or unregulated banking activities in Lesotho.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations for Lesotho (LSOFCIODNUM), retrieved from FRED.