Number of Bank Branches for Liberia
DDAI02LRA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.88
Year-over-Year Change
74.17%
Date Range
1/1/2006 - 1/1/2020
Summary
The 'Number of Bank Branches for Liberia' series tracks the total number of commercial bank branches operating in Liberia. This metric is a key indicator of financial access and development 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 number of bank branches reflects the physical infrastructure and geographic reach of the Liberian banking system. Policymakers and analysts use this data to assess financial inclusion and monitor progress in expanding banking services across the population.
Methodology
The data is collected and reported annually by the World Bank.
Historical Context
Trends in bank branch density are relevant for evaluating Liberia's progress in achieving broader economic and social development goals.
Key Facts
- Liberia had 251 bank branches as of the latest data.
- The number of bank branches per 100,000 adults in Liberia was 5.07 in 2020.
- Liberia's bank branch density is below the regional average for Sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Liberia' series tracks the total number of commercial bank branches operating in the country.
Q: Why is this trend relevant for users or analysts?
A: The number of bank branches is a key indicator of financial access and development, which is crucial for economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess financial inclusion and monitor progress in expanding banking services across the Liberian population.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a delay of up to a year in the most recent figures.
Related Trends
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LBRFCDOFMFNSPENUM
Number of Identified Exporters to Liberia from West Virginia
WVLBRA475SCEN
Value of Exports to Liberia from Oregon
ORLBRA052SCEN
Real Non-Oil GDP for Liberia
LBRNGDPXORPCPPPT
Use of Financial Services Deposit Accounts: Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Liberia
LBRFCAOFMFNNUM
Number of Identified Exporters to Liberia from New Jersey
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Citation
U.S. Federal Reserve, Number of Bank Branches for Liberia (DDAI02LRA643NWDB), retrieved from FRED.