Geographical Outreach: Number of Commercial Banks for Djibouti
DJIFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
18.18%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the number of commercial banks operating in Djibouti. It is a key indicator of financial sector development and access to banking services 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 Geographical Outreach: Number of Commercial Banks for Djibouti represents the total count of licensed commercial banks with physical branch locations serving customers in Djibouti. This metric provides insight into the breadth of the formal banking system and financial inclusion within the economy.
Methodology
The data is collected and reported by the Central Bank of Djibouti.
Historical Context
Policymakers and economists use this metric to assess financial sector growth and gauge progress towards expanding access to banking and credit.
Key Facts
- Djibouti had 9 licensed commercial banks as of 2021.
- The number of commercial banks in Djibouti has grown by 50% since 2015.
- Over 50% of Djibouti's adult population has a bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of licensed commercial banks operating physical branch locations and serving customers in Djibouti.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks is a key indicator of financial sector development and access to banking services within the Djibouti economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Djibouti.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess financial inclusion progress and inform policies aimed at expanding access to banking and credit.
Q: Are there update delays or limitations?
A: The data is published annually with a 6-12 month lag by the Central Bank of Djibouti.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Djibouti (DJIFCIODCNUM), retrieved from FRED.