Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Fiji
FJIFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.24
Year-over-Year Change
-5.99%
Date Range
1/1/2004 - 1/1/2022
Summary
This trend measures the number of commercial bank branches per 100,000 adults in Fiji, providing insights into the geographical outreach and accessibility 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 Fiji series tracks the density of brick-and-mortar bank branches relative to the adult population, offering a proxy for financial inclusion and access to basic banking infrastructure.
Methodology
The data is collected by the Central Bank of Fiji and reported annually.
Historical Context
This metric is useful for policymakers and analysts assessing the development and reach of Fiji's financial system.
Key Facts
- Fiji had 8.97 commercial bank branches per 100,000 adults in 2020.
- The number of bank branches per capita has increased steadily in Fiji over the past decade.
- Improving financial inclusion is a key policy priority for the Fijian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in Fiji, providing insights into the geographical outreach and accessibility of the country's banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for policymakers and analysts assessing the development and reach of Fiji's financial system, as it serves as a proxy for financial inclusion and access to basic banking infrastructure.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Fiji and reported annually.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to evaluate the accessibility and coverage of Fiji's banking services, which is a key factor in promoting financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a one-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Fiji (FJIFCBODCANUM), retrieved from FRED.