Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Sri Lanka
LKAFCBODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
706.00
Year-over-Year Change
16.12%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the number of bank branches, excluding headquarters, operated by other deposit-taking institutions in Sri Lanka. It provides insights into the geographical reach and accessibility of the country's financial services.
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 Other Deposit Takers for Sri Lanka' metric tracks the total number of physical bank branches, excluding central headquarters, operated by financial institutions in Sri Lanka. This data point is used to analyze the distribution and availability of banking services across the country.
Methodology
The data is collected and reported by the Central Bank of Sri Lanka.
Historical Context
Policymakers and economists use this metric to assess the financial inclusion and accessibility of banking services in Sri Lanka.
Key Facts
- Sri Lanka had 6,087 bank branches as of 2021.
- Branch numbers have grown by 3.2% annually over the past decade.
- The branch network provides access to financial services for 85% of the population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of bank branches, excluding central headquarters, operated by deposit-taking institutions in Sri Lanka.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographical coverage and accessibility of banking services, which is crucial for assessing financial inclusion and economic development in Sri Lanka.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Sri Lanka.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the distribution and reach of the banking system, informing decisions on financial sector regulations and development initiatives.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately 6 months.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Sri Lanka (LKAFCBODDNUM), retrieved from FRED.