Geographical Outreach: Number of Commercial Banks for Comoros
COMFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2023
Summary
The 'Geographical Outreach: Number of Commercial Banks for Comoros' metric tracks the total number of commercial banks operating in the Comoros, providing insight into the breadth of financial services access across the island nation.
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
This series measures the total number of licensed commercial banks with a physical presence in Comoros. It serves as an indicator of the geographic distribution and reach of the formal banking sector, which is relevant for policymakers assessing financial inclusion and economic development.
Methodology
The data is collected by the Central Bank of Comoros through its regulatory oversight of the national banking system.
Historical Context
Trends in the number of commercial banks are monitored by economic analysts and policymakers to gauge the evolving financial landscape and access to banking services.
Key Facts
- Comoros had 9 commercial banks as of the latest data.
- Bank branch density is 1 per 25,000 people in Comoros.
- The number of commercial banks has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of licensed commercial banks with a physical presence in Comoros, providing insight into the geographic distribution and reach of the formal banking sector.
Q: Why is this trend relevant for users or analysts?
A: Trends in the number of commercial banks are monitored by economic analysts and policymakers to gauge the evolving financial landscape and access to banking services, which is crucial for financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Comoros through its regulatory oversight of the national banking system.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the geographic distribution and reach of the formal banking sector, which informs efforts to promote financial inclusion and support broader economic development.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological decisions of the Central Bank of Comoros, which may result in occasional delays or other limitations.
Related Trends
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MICOMA475SCEN
Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Comoros
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Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Comoros
COMFCACNUM
Real GDP Per Capita for Comoros
COMNGDPRPCPCPPPT
Constant GDP per capita for Comoros
NYGDPPCAPKDCOM
Number of Identified Exporters to Comoros from Massachusetts
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Comoros (COMFCIODCNUM), retrieved from FRED.