Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Solomon Islands
SLBFCBODUKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
-41.18%
Date Range
1/1/2004 - 1/1/2021
Summary
This economic trend measures the number of credit union and financial cooperative branches per 1,000 square kilometers in Solomon Islands. It provides insights into the geographic 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 1000 Km2 for Solomon Islands metric tracks the physical distribution of financial service access points across the country's geography. This data point is used by policymakers and analysts to assess financial inclusion and the reach of the cooperative banking sector.
Methodology
The data is collected by monitoring the number of registered credit union and financial cooperative branches across Solomon Islands.
Historical Context
This metric is relevant for understanding financial sector development and access to banking services in Solomon Islands.
Key Facts
- Solomon Islands covers an area of 28,896 square kilometers.
- There were 0.13 credit union/cooperative branches per 1,000 sq km in 2020.
- Financial inclusion remains a challenge in remote regions of the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit union and financial cooperative branches per 1,000 square kilometers in Solomon Islands, providing insights into the geographic outreach and accessibility of financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding financial inclusion and the reach of the cooperative banking sector in Solomon Islands.
Q: How is this data collected or calculated?
A: The data is collected by monitoring the number of registered credit union and financial cooperative branches across Solomon Islands.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess financial sector development and access to banking services in Solomon Islands.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or incomplete coverage of all financial service providers.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Solomon Islands (SLBFCBODUKNUM), retrieved from FRED.