Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Dominican Republic
DOMFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.84
Year-over-Year Change
1.70%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 100,000 adults in the Dominican Republic. It provides insight into the accessibility and geographic coverage of the country's banking services.
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: Key Indicators Commercial Bank Branches Per 100,000 Adults for Dominican Republic statistic tracks the density of bank branches relative to the adult population. This metric is useful for evaluating financial inclusion and the reach of the formal banking system.
Methodology
The data is collected and reported by the World Bank using national statistics and financial sector surveys.
Historical Context
Policymakers and economists use this indicator to assess financial sector development and monitor progress towards increasing access to banking services.
Key Facts
- The latest data shows 13.62 commercial bank branches per 100,000 adults in the Dominican Republic.
- Between 2004-2020, the number of branches per 100,000 adults increased by 30% in the Dominican Republic.
- Increasing bank branch density is a key policy goal for improving financial inclusion in the Dominican Republic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in the Dominican Republic, providing insight into the accessibility and geographic coverage of the country's banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for evaluating financial inclusion and the reach of the formal banking system in the Dominican Republic, which is important for policymakers and economists analyzing economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank using national statistics and financial sector surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess financial sector development and monitor progress towards increasing access to banking services in the Dominican Republic.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Dominican Republic (DOMFCBODCANUM), retrieved from FRED.