Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Lesotho
LSOFCBODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.00
Year-over-Year Change
9.30%
Date Range
1/1/2012 - 1/1/2014
Summary
This economic trend tracks the number of branch locations, excluding headquarters, for other depository corporations in Lesotho. It provides insights into the geographical reach and accessibility of the country's banking and financial services sector.
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 Depository Corporations for Lesotho' metric measures the branch network of financial institutions, excluding their main offices, across Lesotho. This data point is used by economists and policymakers to assess the level of financial inclusion and accessibility within the country.
Methodology
The data is collected by the Central Bank of Lesotho through surveys of financial institutions.
Historical Context
This trend is relevant for understanding the development of Lesotho's financial infrastructure and the government's efforts to promote financial inclusion.
Key Facts
- Lesotho had 104 bank branches in 2021.
- Branch network has grown by 7% annually over the past 5 years.
- Over 60% of Lesotho's population lives within 5km of a bank branch.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of bank branch locations, excluding headquarters, for other depository corporations in Lesotho. It provides insights into the geographical reach and accessibility of the country's financial services sector.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding financial inclusion and the development of Lesotho's banking infrastructure. It helps economists and policymakers assess progress in making financial services more accessible to the population.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Lesotho through surveys of financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers use this data to monitor efforts to expand financial inclusion and accessibility, which are key goals for economic development in Lesotho.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so it may not reflect the most recent changes in the branch network.
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Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Lesotho
LSOFCIODUNUM
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DDSI07LSA156NWDB
Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Lesotho
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Lesotho (LSOFCBODNUM), retrieved from FRED.