Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Romania
ROUFCBODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.00
Year-over-Year Change
-26.87%
Date Range
1/1/2008 - 1/1/2024
Summary
This economic trend measures the number of branches, excluding headquarters, for credit unions and financial cooperatives in Romania. It provides insights into the geographical outreach and accessibility of these financial institutions across 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 Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Romania data series tracks the branch network of these community-based financial organizations in Romania. It helps analysts and policymakers understand the physical presence and accessibility of credit union services for consumers and businesses.
Methodology
The data is collected through surveys and reports from the National Bank of Romania.
Historical Context
This trend is useful for assessing the financial inclusion and accessibility efforts in the Romanian market.
Key Facts
- Romania had 462 credit union branches in 2021.
- Credit unions account for over 10% of total financial assets in Romania.
- The number of credit union branches has grown by 25% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branches, excluding headquarters, for credit unions and financial cooperatives operating in Romania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the geographical outreach and accessibility of community-based financial institutions in Romania, which is important for understanding financial inclusion and access to services.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from the National Bank of Romania.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess efforts to improve financial inclusion and accessibility in the Romanian market.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, typically a few months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Romania (ROUFCBODUNUM), retrieved from FRED.