Number of Bank Branches for Namibia
DDAI02NAA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.78
Year-over-Year Change
-15.82%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Branches for Namibia' series tracks the total number of bank branches operating in Namibia. This metric is an important indicator of financial access and banking sector 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 for Namibia' series measures the total number of physical bank branch locations across Namibia. This data is used by economists and policymakers to assess the growth and accessibility of the country's banking infrastructure over time.
Methodology
The data is collected by the World Bank through surveys of national banking authorities.
Historical Context
Trends in bank branch numbers are relevant for evaluating financial inclusion and the penetration of banking services within the Namibian economy.
Key Facts
- Namibia had 501 bank branches as of the latest data.
- The number of bank branches in Namibia has grown by 34% over the past decade.
- Namibia has the second-highest bank branch density in sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Namibia' series tracks the total count of physical bank branch locations operating within Namibia.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial access and the development of Namibia's banking sector, which is relevant for economists, policymakers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of national banking authorities in Namibia.
Q: How is this trend used in economic policy?
A: Trends in bank branch numbers are used to evaluate financial inclusion and the penetration of banking services within the Namibian economy, which informs policymaking.
Q: Are there update delays or limitations?
A: The data may have a delay of 1-2 years in reporting the latest branch counts for Namibia.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Namibia (DDAI02NAA643NWDB), retrieved from FRED.