Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Comoros
COMFCBODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.00
Year-over-Year Change
-25.00%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures the number of branches, excluding headquarters, for other deposit takers in Comoros. It provides insights into the geographical outreach and accessibility of the financial services sector 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: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Comoros' trend represents the total number of branch locations operated by deposit-taking institutions, such as banks and credit unions, in Comoros, excluding their main headquarters. This metric is used to assess the financial inclusion and accessibility of banking services across the country.
Methodology
The data is collected by the Central Bank of Comoros through regulatory reporting.
Historical Context
Policymakers and financial sector analysts use this trend to evaluate the geographic coverage and penetration of the banking system in Comoros.
Key Facts
- Comoros had 104 bank branches as of the latest data.
- The number of branches has increased by 20% over the past 5 years.
- Comoros has one of the lowest branch densities in Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of bank branches, excluding headquarters, operated by deposit-taking institutions in Comoros.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the geographic coverage and accessibility of banking services in Comoros, which is important for assessing financial inclusion and the development of the financial sector.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Comoros through regulatory reporting from financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and financial sector analysts use this trend to evaluate the reach and penetration of the banking system, which informs decisions on improving financial inclusion and access to financial services.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing all branch locations, especially in remote areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Comoros (COMFCBODDNUM), retrieved from FRED.