Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Malawi
MWIFCBODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.00
Year-over-Year Change
591.67%
Date Range
1/1/2004 - 1/1/2021
Summary
This economic trend tracks the number of branches, excluding headquarters, for credit unions and financial cooperatives in Malawi. It provides insights into the geographical footprint and accessibility of these important financial institutions.
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 Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Malawi metric measures the physical distribution and expansion of these community-based financial service providers across the country. This data point is used by economists and policymakers to assess financial inclusion and the ability of underserved populations to access critical banking and savings services.
Methodology
The data is collected directly from credit unions and financial cooperatives operating in Malawi.
Historical Context
This trend is relevant for evaluating progress towards financial inclusion goals and the development of Malawi's rural and community-based financial infrastructure.
Key Facts
- Malawi has over 200 credit unions and financial cooperatives.
- These institutions serve over 1 million members nationwide.
- The branch network has expanded by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of branches, excluding headquarters, for credit unions and financial cooperatives operating in Malawi. It provides insight into the geographical outreach and accessibility of these community-based financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and access to banking services, particularly in rural and underserved areas of Malawi. It helps policymakers and economists assess the development of the country's community-based financial infrastructure.
Q: How is this data collected or calculated?
A: The data is collected directly from credit unions and financial cooperatives operating in Malawi.
Q: How is this trend used in economic policy?
A: This trend is used to monitor progress towards financial inclusion goals and inform policies aimed at expanding access to banking and savings services, especially in rural communities.
Q: Are there update delays or limitations?
A: The data is published regularly with a lag of several months, so it may not reflect the most recent changes in the branch network.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Malawi (MWIFCBODUNUM), retrieved from FRED.