Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Panama
PANFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.30
Year-over-Year Change
3.41%
Date Range
1/1/2007 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 1,000 square kilometers in Panama. It provides insights into the geographical accessibility of banking services, which is crucial for financial inclusion and economic development.
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 Panama metric tracks the density of physical bank branch locations across the country. This data point is used by economists and policymakers to evaluate the reach and penetration of the banking system, which is an important indicator of financial sector development.
Methodology
The data is collected and reported by the Central Bank of Panama.
Historical Context
This metric informs discussions around financial inclusion policies and the expansion of banking infrastructure.
Key Facts
- Panama has an area of 75,420 square kilometers.
- The national average is 1.75 bank branches per 1,000 square kilometers.
- Rural areas tend to have lower branch density than urban centers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in Panama, providing insights into the geographical accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and the development of the banking sector, which are crucial for economic growth and advancement.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Panama.
Q: How is this trend used in economic policy?
A: This metric informs discussions around financial inclusion policies and the expansion of banking infrastructure to underserved areas.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Panama, but there may be some delays in reporting.
Related Trends
U.S. Imports of Goods by Customs Basis from Panama
IMP2250
Number of Identified Exporters to Panama from Vermont
VTPANA475SCEN
Consumer Prices for Panama
PANPCPIEPCH
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Panama
PANFCACNUM
U.S. Exports of Goods by F.A.S. Basis to Panama
EXP2250
Number of Identified Exporters to Panama from District of Columbia
DCPANA475SCEN
Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Panama (PANFCBODCKNUM), retrieved from FRED.