Geographical Outreach: Number of Commercial Banks for Kyrgyz Republic
KGZFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.00
Year-over-Year Change
4.55%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial banks operating in Kyrgyzstan, providing insights into the geographical reach and accessibility of the country's banking system.
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 number of commercial banks in Kyrgyzstan is an important indicator of the financial sector's development and the availability of banking services to the population. It reflects the banking infrastructure and the degree of financial inclusion within the country.
Methodology
The data is collected and reported by the National Bank of the Kyrgyz Republic.
Historical Context
This trend is relevant for policymakers, financial analysts, and investors interested in understanding the evolution of Kyrgyzstan's financial ecosystem.
Key Facts
- Kyrgyzstan had 23 commercial banks as of 2021.
- The number of commercial banks in Kyrgyzstan has increased by 15% since 2015.
- Commercial banks play a crucial role in providing financial services to the Kyrgyz population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial banks operating in Kyrgyzstan, which is an indicator of the geographical reach and accessibility of the country's banking system.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks in Kyrgyzstan is an important metric for understanding the development and financial inclusion of the country's banking sector, which is crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of the Kyrgyz Republic.
Q: How is this trend used in economic policy?
A: Policymakers, financial analysts, and investors use this trend to assess the accessibility and reach of Kyrgyzstan's banking infrastructure, which informs decisions about financial sector development and policies aimed at increasing financial inclusion.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and data collection processes of the National Bank of the Kyrgyz Republic, which may result in occasional delays or limitations in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Kyrgyz Republic (KGZFCIODCNUM), retrieved from FRED.