Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Comoros
COMFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.09
Year-over-Year Change
121.66%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the number of commercial bank branches per 100,000 adults in Comoros, a key measure of financial access and inclusion.
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 Comoros series provides an important metric for evaluating the accessibility and distribution of banking services within the country.
Methodology
The data is collected and calculated by the World Bank as part of its Global Financial Inclusion (Global Findex) database.
Historical Context
This indicator is widely used by policymakers, regulators, and analysts to assess progress towards financial development goals.
Key Facts
- Comoros had 6.58 commercial bank branches per 100,000 adults as of the latest data.
- The country's branch density is lower than the regional average for Sub-Saharan Africa.
- Expanding banking access is a key priority for Comoros' economic and social development.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of commercial bank branches per 100,000 adults in Comoros, providing a metric for financial inclusion and access to banking services.
Q: Why is this trend relevant for users or analysts?
A: The branch density metric is an important gauge of a country's financial infrastructure and the accessibility of banking for its population, which is crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank as part of its Global Financial Inclusion (Global Findex) database.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this indicator to monitor progress towards financial inclusion goals and inform policies to expand banking access and services.
Q: Are there update delays or limitations?
A: The data is published by the World Bank on a periodic basis, so there may be update delays, and the indicator may not capture the most recent developments.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Comoros (COMFCBODCANUM), retrieved from FRED.