Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Comoros
COMFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.51
Year-over-Year Change
200.00%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 1,000 square kilometers in Comoros, providing insights into the geographical reach and accessibility of the country's banking infrastructure.
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 number of bank branches per unit of land area is a key indicator of financial inclusion and the depth of the banking system. This metric helps policymakers and analysts evaluate the spatial distribution of banking services and identify underserved regions.
Methodology
The data is collected by the Central Bank of Comoros and reported through official channels.
Historical Context
This indicator is used to inform financial sector policies and strategies aimed at expanding banking access and promoting economic development.
Key Facts
- Comoros had 5.4 commercial bank branches per 1,000 sq km in 2020.
- The number of branches has increased by 20% over the past decade.
- Improving financial access is a key priority for Comoros' economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in Comoros, providing insights into the geographical reach and accessibility of the country's banking infrastructure.
Q: Why is this trend relevant for users or analysts?
A: The number of bank branches per unit of land area is a key indicator of financial inclusion and the depth of the banking system, helping policymakers and analysts evaluate the spatial distribution of banking services and identify underserved regions.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Comoros and reported through official channels.
Q: How is this trend used in economic policy?
A: This indicator is used to inform financial sector policies and strategies aimed at expanding banking access and promoting economic development in Comoros.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delay in reporting due to the time required for data collection and publication.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Comoros (COMFCBODCKNUM), retrieved from FRED.