Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Kyrgyz Republic
KGZFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.35
Year-over-Year Change
1.59%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the number of commercial bank branches per 100,000 adults in the Kyrgyz Republic, providing insights into the geographical outreach and accessibility of the country's banking infrastructure.
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 Kyrgyz Republic metric is a crucial measure of financial inclusion and banking sector development. It reflects the physical proximity and availability of banking services to the adult population, which is an important factor in promoting economic growth and enabling broader access to financial services.
Methodology
The data is collected and calculated by the World Bank based on information provided by central banks and national statistical offices.
Historical Context
This indicator is widely used by policymakers, economists, and financial analysts to assess the state of financial sector development and guide policies aimed at enhancing financial inclusion in the Kyrgyz Republic.
Key Facts
- The Kyrgyz Republic had 10.52 commercial bank branches per 100,000 adults in 2020.
- This indicator has increased from 7.94 branches per 100,000 adults in 2011.
- Expanding geographical outreach of banking services is a key priority for the Kyrgyz government.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the number of commercial bank branches per 100,000 adults in the Kyrgyz Republic, providing insights into the physical accessibility and availability of banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing financial inclusion and the development of the banking sector in the Kyrgyz Republic, which is important for promoting economic growth and enabling broader access to financial services.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information provided by the central bank and national statistical office of the Kyrgyz Republic.
Q: How is this trend used in economic policy?
A: This indicator is widely used by policymakers, economists, and financial analysts to evaluate the state of financial sector development and guide policies aimed at enhancing financial inclusion in the Kyrgyz Republic.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Kyrgyz Republic (KGZFCBODCANUM), retrieved from FRED.