Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Panama
PANFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.59
Year-over-Year Change
-18.40%
Date Range
1/1/2007 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 100,000 adults in Panama, providing insights into the geographical outreach and accessibility of the country's banking infrastructure.
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 commercial bank branch density per 100,000 adults is a key indicator of financial inclusion and access to banking services within a country. It reflects the physical footprint and distribution of the formal banking sector, which is crucial for enabling economic activity and household financial management.
Methodology
The data is collected by the World Bank through surveys of financial institutions and national regulatory authorities.
Historical Context
This metric informs policy decisions related to financial sector development and supporting broad-based economic growth.
Key Facts
- Panama had 27.2 commercial bank branches per 100,000 adults in 2020.
- The branch density in Panama is higher than the Latin America and Caribbean regional average.
- Expanding banking access is a key policy priority for promoting financial inclusion in Panama.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in Panama, providing an indicator of the geographical outreach and accessibility of the country's banking infrastructure.
Q: Why is this trend relevant for users or analysts?
A: The commercial bank branch density is a crucial metric for understanding financial inclusion and access to banking services within an economy, which are key drivers of economic activity and household financial management.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of financial institutions and national regulatory authorities.
Q: How is this trend used in economic policy?
A: This metric informs policy decisions related to financial sector development and supporting broad-based economic growth in Panama.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodological limitations of the World Bank's data collection efforts.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Panama (PANFCBODCANUM), retrieved from FRED.