Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Senegal
SENFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.63
Year-over-Year Change
22.89%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 100,000 adults in Senegal, providing insights into the geographical outreach and accessibility of the country's banking sector.
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 100,000 Adults for Senegal metric tracks the density of bank branches relative to the adult population, which is a crucial indicator of financial inclusion and access to banking services.
Methodology
The data is collected and calculated by the World Bank based on national statistics from Senegal.
Historical Context
This indicator is used by policymakers, economists, and financial institutions to assess the development and penetration of the banking system in Senegal.
Key Facts
- Senegal had 6.7 commercial bank branches per 100,000 adults in 2020.
- The number of bank branches in Senegal has steadily increased over the past decade.
- Access to banking services remains a challenge, particularly in rural areas of Senegal.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in Senegal, providing insights into the geographical outreach and accessibility of the country's banking sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for assessing financial inclusion and access to banking services in Senegal, which is important for policymakers, economists, and financial institutions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national statistics from Senegal.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, economists, and financial institutions to evaluate the development and penetration of the banking system in Senegal.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Senegal (SENFCBODCANUM), retrieved from FRED.