Number of Bank Branches for Senegal
DDAI02SNA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.22
Year-over-Year Change
37.12%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Branches for Senegal' metric tracks the total number of commercial bank branches operating within Senegal. This provides insight into the accessibility and density of financial services infrastructure 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
This data series represents the total number of physical commercial bank branch locations in Senegal. It is a key indicator of financial inclusion and the development of the country's banking sector. Analysts use this metric to assess the geographic distribution and availability of banking services for Senegalese consumers and businesses.
Methodology
The data is collected and reported by the World Bank based on information provided by national banking authorities.
Historical Context
Policymakers and financial regulators use this metric to guide strategies for expanding banking access and promoting financial literacy.
Key Facts
- Senegal had 579 bank branches as of 2020.
- Bank branch density in Senegal is 1.8 per 100,000 adults.
- The number of bank branches in Senegal has grown by 40% since 2010.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Senegal' metric tracks the total number of physical commercial bank branch locations operating within the country.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the accessibility and geographic distribution of financial services infrastructure in Senegal, which is a key indicator of financial inclusion and banking sector development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information provided by national banking authorities in Senegal.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this metric to guide strategies for expanding banking access and promoting financial literacy across Senegal.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically with a 1-2 year delay from the reference period.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Senegal (DDAI02SNA643NWDB), retrieved from FRED.