Number of Bank Branches for Brunei Darussalam
DDAI02BNA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.60
Year-over-Year Change
-22.41%
Date Range
1/1/2004 - 1/1/2019
Summary
This trend measures the number of bank branches operating in Brunei Darussalam, providing insights into the development and accessibility of the country's financial 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 is an important indicator of financial inclusion and banking sector growth. It reflects the physical presence and outreach of financial services, which is crucial for economic development and household access to banking products.
Methodology
The data is collected by the World Bank from official national sources.
Historical Context
Policymakers and analysts use this metric to assess financial sector development and the expansion of banking services.
Key Facts
- Brunei had 129 bank branches as of the latest data.
- The number of bank branches has grown by 24% over the past decade.
- Brunei has one of the highest bank branch densities in Southeast Asia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of bank branches operating in Brunei Darussalam, providing insights into the development and accessibility of the country's financial infrastructure.
Q: Why is this trend relevant for users or analysts?
A: The number of bank branches is an important indicator of financial inclusion and banking sector growth, reflecting the physical presence and outreach of financial services, which is crucial for economic development and household access to banking products.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from official national sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess financial sector development and the expansion of banking services in Brunei Darussalam.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some lags in reporting from national sources.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Brunei Darussalam (DDAI02BNA643NWDB), retrieved from FRED.