Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Fiji
FJIFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.72
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the geographical outreach of commercial banks in Fiji, as indicated by the number of bank branches per 1,000 square kilometers. It provides insight into the accessibility and density of financial services across 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: Key Indicators Commercial Bank Branches Per 1000 Km2 for Fiji' metric tracks the spatial distribution of bank branches, which is an important factor in financial inclusion and the reach of the banking system. This data is used by policymakers and analysts to evaluate financial infrastructure development.
Methodology
The data is collected by the Central Bank of Fiji and calculated as the total number of commercial bank branches divided by the country's land area in square kilometers.
Historical Context
This metric is relevant for assessing financial market competition, regulation, and development policies in Fiji.
Key Facts
- Fiji has a total land area of 18,274 square kilometers.
- The number of commercial bank branches per 1,000 square kilometers in Fiji was 2.4 in 2020.
- Bank branch density is an important metric for evaluating financial access in remote or underserved regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in Fiji, providing insight into the geographical outreach and accessibility of the country's banking system.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion, banking infrastructure development, and the spatial distribution of financial services in Fiji.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Fiji and calculated as the total number of commercial bank branches divided by the country's land area in square kilometers.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess financial market competition, regulation, and development policies aimed at improving the reach and accessibility of the banking system in Fiji.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule of the Central Bank of Fiji, and may have lags or limitations in coverage compared to other economic indicators.
Related Trends
Deposit Money Bank Assets to GDP for Fiji
DDDI02FJA156NWDB
Number of Identified Exporters to Fiji from Georgia
GAFJIA475SCEN
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Fiji
FJIFCBODDNUM
Value of Exports to Fiji from Nevada
NVFJIA052SCEN
Use of Financial Services, Assets: Outstanding Loans to Households at Other Financial Intermediaries for Fiji
FJIFCSMHXDC
Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Fiji
DDOI12FJA156NWDB
Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Fiji (FJIFCBODCKNUM), retrieved from FRED.