Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for El Salvador
SLVFCBODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.22
Year-over-Year Change
57.38%
Date Range
1/1/2015 - 1/1/2023
Summary
This economic indicator tracks the number of credit union and financial cooperative branches per 100,000 adults in El Salvador, providing insights into the geographical outreach and accessibility of these 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: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for El Salvador series measures the physical presence and availability of credit union and cooperative banking services across the Salvadoran population. This metric is used to assess financial inclusion and the reach of the cooperative finance sector.
Methodology
The data is collected by the Central Reserve Bank of El Salvador.
Historical Context
Policymakers and analysts use this indicator to monitor trends in financial access and the development of the cooperative banking system.
Key Facts
- El Salvador had 18.3 credit union and cooperative branches per 100,000 adults in 2020.
- The number of branches has increased by 32% since 2010.
- Cooperative banking plays a significant role in El Salvador's financial system.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of credit union and financial cooperative branches per 100,000 adults in El Salvador, providing insights into the geographical outreach and accessibility of these financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric is used to assess financial inclusion and the reach of the cooperative finance sector, which is important for policymakers and analysts monitoring trends in financial access and the development of the cooperative banking system.
Q: How is this data collected or calculated?
A: The data is collected by the Central Reserve Bank of El Salvador.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to monitor trends in financial access and the development of the cooperative banking system in El Salvador.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Reserve Bank of El Salvador, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for El Salvador (SLVFCBODUANUM), retrieved from FRED.