Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Barbados
BRBFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.18
Year-over-Year Change
-35.35%
Date Range
1/1/2006 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 100,000 adults in Barbados, providing insights into the geographic coverage and accessibility of banking 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 Commercial Bank Branches Per 100,000 Adults for Barbados statistic is a key indicator of financial inclusion and the penetration of banking services within the population. It is used by economists and policymakers to evaluate the reach and density of the banking infrastructure.
Methodology
The data is collected by the Central Bank of Barbados and calculated as the number of commercial bank branches per 100,000 adults.
Historical Context
This metric is relevant for assessing financial access and can inform policies aimed at promoting greater financial inclusion.
Key Facts
- Barbados had 18.71 commercial bank branches per 100,000 adults in 2020.
- The number of bank branches per capita is a proxy for financial inclusion.
- Geographical outreach of banking services is a key driver of economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in Barbados, providing insights into the geographic coverage and accessibility of banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for assessing financial access and can inform policies aimed at promoting greater financial inclusion, which is a key driver of economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Barbados and calculated as the number of commercial bank branches per 100,000 adults.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate the reach and density of the banking infrastructure, which can inform policies aimed at promoting greater financial inclusion and access to financial services.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Barbados, but there may be occasional delays or limitations in data coverage depending on reporting requirements.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Barbados (BRBFCBODCANUM), retrieved from FRED.