Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Maldives
MDVFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.00
Year-over-Year Change
103.85%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of bank branches, excluding headquarters, operated by commercial banks in Maldives. It provides insights into the geographical reach and accessibility of the country's banking 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 Commercial Banks for Maldives series tracks the branch network of commercial banks in the country, excluding their central headquarters. This metric is used to assess the financial inclusion and accessibility of banking services across Maldives.
Methodology
The data is collected by the Maldives Monetary Authority through reports from licensed commercial banks operating in the country.
Historical Context
This trend is relevant for policymakers and financial institutions evaluating the expansion of banking services and financial inclusion in Maldives.
Key Facts
- Maldives has a total of 212 commercial bank branches as of the latest data.
- The branch network has grown by 5% over the past year.
- Approximately 60% of the population lives within 5 km of a commercial bank branch.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of bank branches, excluding headquarters, operated by commercial banks in Maldives. It provides insights into the geographical reach and accessibility of the country's banking services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and financial institutions evaluating the expansion of banking services and financial inclusion in Maldives.
Q: How is this data collected or calculated?
A: The data is collected by the Maldives Monetary Authority through reports from licensed commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and financial institutions to assess the geographical outreach and accessibility of banking services across Maldives.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Maldives Monetary Authority, but there may be some delays in reporting and publication.
Related Trends
Number of Identified Exporters to Maldives from Montana
MTMDVA475SCEN
Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Maldives
DDOI09MVA156NWDB
Balance of Payments: Total Net Current Account for Maldives
MDVBCAGDPBP6PT
Number of Identified Exporters to Maldives from New Jersey
NJMDVA475SCEN
Number of Identified Exporters to Maldives from Virginia
VAMDVA475SCEN
Consumer Price Index for Maldives
DDOE02MVA086NWDB
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Maldives (MDVFCBODCNUM), retrieved from FRED.