Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Georgia
GEOFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.16
Year-over-Year Change
31.10%
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 state of Georgia. It provides insight into the geographic accessibility and reach of the banking system within the state.
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 Georgia metric tracks the density of commercial bank branches relative to the adult population in the state. This data point is used by economists and policymakers to evaluate the financial inclusion and accessibility of banking services across different regions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using information from commercial banks and census population figures.
Historical Context
This metric is relevant for understanding the distribution of banking infrastructure and its potential impact on financial access and economic development within Georgia.
Key Facts
- Georgia had 26.7 commercial bank branches per 100,000 adults in 2021.
- Branch density has declined by 13% in Georgia since 2012.
- Rural counties tend to have lower branch-to-population ratios than urban areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in the state of Georgia, providing insight into the geographic accessibility and reach of the banking system.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and access to banking services across different regions within Georgia, which can impact economic development and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using information from commercial banks and census population figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to understand the distribution of banking infrastructure and its potential impact on financial access and economic development within Georgia.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be some delays in reporting due to the time required to collect and process the information from commercial banks.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Georgia (GEOFCBODCANUM), retrieved from FRED.