Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Madagascar
MDGFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
508.00
Year-over-Year Change
209.76%
Date Range
1/1/2004 - 1/1/2022
Summary
The 'Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Madagascar' trend measures the total number of branch locations operated by commercial banks in Madagascar, excluding their main headquarters.
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
This metric provides insight into the geographic distribution and accessibility of banking services across Madagascar. It is an important indicator of financial inclusion and the development of the country's banking infrastructure.
Methodology
The data is collected by the Central Bank of Madagascar and reported to the International Monetary Fund.
Historical Context
Policymakers use this trend to assess the reach and penetration of the formal banking system in Madagascar.
Key Facts
- Madagascar had 1,171 commercial bank branches in 2021.
- The number of branches has grown by 24% over the past 5 years.
- Only 15% of Malagasy adults have a formal bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of branch locations operated by commercial banks in Madagascar, excluding their main headquarters.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the geographic distribution and accessibility of banking services across Madagascar, which is an important indicator of financial inclusion and the development of the country's banking infrastructure.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Madagascar and reported to the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to assess the reach and penetration of the formal banking system in Madagascar, which informs efforts to promote financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, 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: Number of Branches, Excluding Headquarters, for Commercial Banks for Madagascar (MDGFCBODCNUM), retrieved from FRED.