Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Lao People's Democratic Republic
LAOFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.00
Year-over-Year Change
67.65%
Date Range
1/1/2009 - 1/1/2021
Summary
This economic trend measures the number of commercial bank branches, excluding headquarters, in Lao People's Democratic Republic. 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: Number of Branches, Excluding Headquarters, for Commercial Banks for Lao People's Democratic Republic metric tracks the presence and growth of the country's commercial banking network beyond just the central operations. This data point is used by economists and policymakers to assess financial access and the expansion of banking services.
Methodology
The data is collected and reported by the central bank of Lao PDR.
Historical Context
This trend helps inform policies and regulations around financial inclusion and rural banking development.
Key Facts
- Lao PDR has over 700 commercial bank branches nationwide.
- Branch density is higher in urban areas compared to rural regions.
- The number of branches has grown by over 50% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches, excluding headquarters, operating in Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the geographical outreach and expansion of the Lao banking system, which is an important indicator of financial inclusion and access to banking services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the central bank of Lao PDR.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform policies and regulations around rural banking development and improving financial inclusion across Lao PDR.
Q: Are there update delays or limitations?
A: There may be lags in data reporting from the Lao central bank, and the metric does not capture factors like branch size or service quality.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Lao People's Democratic Republic (LAOFCBODCNUM), retrieved from FRED.