Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Iraq
IRQFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
-0.72%
Date Range
1/1/2006 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 1,000 square kilometers in Iraq, providing insights into the geographical coverage and accessibility of the country's banking sector.
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 Iraq metric is a key indicator of financial inclusion and the development of the banking infrastructure in the country. It helps economists and policymakers assess the geographic distribution and penetration of banking services across Iraq's regions.
Methodology
The data is collected and reported by the Central Bank of Iraq, based on the total number of commercial bank branches and the land area of the country.
Historical Context
This metric is used to inform financial inclusion policies and guide investment decisions in Iraq's banking sector.
Key Facts
- Iraq has 2.2 commercial bank branches per 1,000 square kilometers.
- The banking sector's geographic coverage has expanded by 25% over the past 5 years.
- Improving financial inclusion is a key priority for the Iraqi government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in Iraq, providing insights into the geographic coverage and accessibility of the country's banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding financial inclusion and the development of Iraq's banking infrastructure, which are crucial for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Iraq, based on the total number of commercial bank branches and the land area of the country.
Q: How is this trend used in economic policy?
A: This metric informs financial inclusion policies and guides investment decisions in Iraq's banking sector to improve the geographic distribution and accessibility of banking services.
Q: Are there update delays or limitations?
A: The data is reported by the Central Bank of Iraq, and there may be some delays in data availability due to collection and reporting processes.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Iraq (IRQFCBODCKNUM), retrieved from FRED.