Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Montserrat
MSRFCIODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the number of credit unions and financial cooperatives operating in Montserrat, a British Overseas Territory in the Caribbean. It provides insight into the geographic spread and accessibility of financial services in the island economy.
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 Montserrat data series tracks the total number of these institutions based in Montserrat. It is a key indicator of financial inclusion and the depth of the island's cooperative banking sector.
Methodology
The data is collected and reported by the Eastern Caribbean Central Bank.
Historical Context
This metric is used by policymakers and analysts to monitor the evolution of Montserrat's financial infrastructure and assess the accessibility of credit and other services for households and businesses.
Key Facts
- Montserrat has a population of under 10,000 people.
- Credit unions are a major provider of financial services on the island.
- The number of credit unions has fluctuated in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of credit unions and other financial cooperatives operating in Montserrat, a small Caribbean island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the accessibility and geographic reach of financial services in Montserrat's economy, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Eastern Caribbean Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the evolution of Montserrat's financial infrastructure and assess the accessibility of credit and other services.
Q: Are there update delays or limitations?
A: The data is published regularly by the Eastern Caribbean Central Bank, but there may be delays in reporting or limited historical coverage.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Montserrat (MSRFCIODUNUM), retrieved from FRED.