Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Benin
BENFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.73
Year-over-Year Change
-14.37%
Date Range
1/1/2004 - 1/1/2023
Summary
This indicator measures the number of commercial bank branches per 100,000 adults in Benin, providing insights into the geographic outreach and accessibility of the country's banking services.
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 Commercial Bank Branches Per 100,000 Adults for Benin' series tracks the density of commercial bank branches relative to the adult population, a metric used to assess financial inclusion and the penetration of banking services across a country.
Methodology
The data is collected and calculated by the World Bank from administrative sources.
Historical Context
This indicator is relevant for policymakers and analysts evaluating financial sector development and access to banking services in Benin.
Key Facts
- Benin had 3.72 commercial bank branches per 100,000 adults in 2020.
- The number of branches has increased from 2.71 per 100,000 adults in 2010.
- Access to banking services remains a challenge in rural areas of Benin.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the number of commercial bank branches per 100,000 adults in Benin, providing insights into the geographic outreach and accessibility of the country's banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and the penetration of banking services across Benin, which is relevant for policymakers and analysts studying the country's economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank from administrative sources.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and analysts to assess financial sector development and access to banking services in Benin, which informs policies aimed at improving financial inclusion.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not capture the most recent changes in the banking sector.
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Geographical Outreach: Number of Commercial Banks for Benin
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Number of Identified Exporters to Benin from Illinois
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BENBXGSBP6GDPPT
Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Benin (BENFCBODCANUM), retrieved from FRED.