Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Ecuador
ECUFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.84
Year-over-Year Change
-30.33%
Date Range
1/1/2004 - 1/1/2023
Summary
This indicator measures the number of commercial bank branches per 100,000 adults in Ecuador, providing insights into the geographic accessibility of 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 number of commercial bank branches per capita is a key metric for evaluating the outreach and distribution of financial services within a country. It reflects the physical infrastructure and availability of banking resources for the adult population.
Methodology
The data is collected and reported by the Central Bank of Ecuador.
Historical Context
This indicator is relevant for policymakers and financial institutions assessing financial inclusion and the development of the banking sector.
Key Facts
- Ecuador had 13.4 commercial bank branches per 100,000 adults in 2020.
- The number of bank branches per capita has increased by 50% in Ecuador since 2010.
- Improving financial inclusion is a key policy goal for the Ecuadorian government.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the number of commercial bank branches per 100,000 adults in Ecuador, providing insights into the geographic accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: The number of bank branches per capita is a key metric for evaluating financial inclusion and the development of the banking sector within a country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Ecuador.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and financial institutions assessing the outreach and distribution of banking services, which is a key factor in promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, but provides a reliable measure of the commercial banking infrastructure in Ecuador.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Ecuador (ECUFCBODCANUM), retrieved from FRED.