Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Lesotho
LSOFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.78
Year-over-Year Change
22.73%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 1,000 square kilometers in Lesotho, providing insights into the geographical reach and accessibility of banking services in the country.
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 Lesotho series tracks the density of commercial bank branches across Lesotho's land area, serving as an indicator of financial inclusion and the ability of the population to access banking services.
Methodology
The data is collected by the central bank of Lesotho and reported to the International Monetary Fund.
Historical Context
This metric is used by policymakers and analysts to evaluate the extent of financial sector development and financial access in Lesotho.
Key Facts
- Lesotho has a land area of 30,355 square kilometers.
- The number of commercial bank branches per 1,000 square kilometers in Lesotho was 3.75 in 2020.
- Access to banking services is an important driver of economic development in Lesotho.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in Lesotho, providing insights into the geographical reach and accessibility of banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and the ability of the Lesotho population to access banking services, which is a key driver of economic development.
Q: How is this data collected or calculated?
A: The data is collected by the central bank of Lesotho and reported to the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the extent of financial sector development and financial access in Lesotho, which informs policies aimed at improving financial inclusion.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a delay of up to a year in the most recent figures being available.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Lesotho (LSOFCBODCKNUM), retrieved from FRED.