Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for China, P.R.: Hong Kong
HKGFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.16
Year-over-Year Change
-24.02%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 100,000 adults in China's Hong Kong region. It is an important indicator of financial inclusion and banking sector development.
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 China, P.R.: Hong Kong metric tracks the density of physical bank branch access across the population. This data point is widely used by economists and policymakers to assess the reach and penetration of the formal banking system.
Methodology
The data is collected and calculated by the World Bank based on national-level reporting.
Historical Context
This indicator provides insight into the accessibility of financial services and infrastructure across Hong Kong.
Key Facts
- Hong Kong had 72.93 commercial bank branches per 100,000 adults in 2020.
- This density has increased from 53.58 branches per 100,000 adults in 2005.
- The global average was 11.7 branches per 100,000 adults in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of commercial bank branches per 100,000 adults in China's Hong Kong region. It is an indicator of financial inclusion and banking sector development.
Q: Why is this trend relevant for users or analysts?
A: The density of bank branches is an important measure of the accessibility and reach of the formal financial system. This data point is widely used by economists and policymakers to assess financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national-level reporting.
Q: How is this trend used in economic policy?
A: This indicator provides insight into the accessibility of financial services and infrastructure, which is relevant for policymakers, banks, and economists analyzing financial inclusion and banking sector development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for China, P.R.: Hong Kong (HKGFCBODCANUM), retrieved from FRED.