Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Saudi Arabia
SAUFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
19.67%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 1,000 square kilometers in Saudi Arabia. It is a key indicator of the geographic 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 Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Saudi Arabia series tracks the spatial distribution of the Saudi banking network. This metric provides insight into the physical accessibility and penetration of financial services across the country.
Methodology
The data is collected and calculated by the Saudi Arabian Monetary Authority based on reports from licensed commercial banks.
Historical Context
This trend is used by policymakers, economists, and financial analysts to assess the geographic coverage and inclusiveness of the Saudi banking system.
Key Facts
- Saudi Arabia had 0.49 commercial bank branches per 1,000 sq km in 2021.
- Branch density increased by 24% from 2010 to 2021.
- The least dense region had 0.08 branches per 1,000 sq km in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in Saudi Arabia, indicating the geographic coverage and accessibility of the banking network.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the spatial distribution and penetration of financial services, which is important for assessing financial inclusion and the ability of the banking system to serve the population.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Saudi Arabian Monetary Authority based on reports from licensed commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this trend to evaluate the geographic coverage and accessibility of the Saudi banking system, which informs policies and strategies aimed at improving financial inclusion.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the geographic coverage may not fully capture informal or rural banking services.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Saudi Arabia (SAUFCBODCKNUM), retrieved from FRED.