Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Singapore
SGPFCBODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
314.00
Year-over-Year Change
-2.79%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of branches, excluding headquarters, for other depository corporations in Singapore. It provides insights into the geographical outreach and accessibility of financial services in the country.
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 Other Depository Corporations for Singapore' tracks the total number of branch locations, not including the main office, operated by banks and other deposit-taking institutions in Singapore. This metric is used to analyze the physical distribution and geographic coverage of the nation's financial infrastructure.
Methodology
The data is collected and reported by the Monetary Authority of Singapore.
Historical Context
Policymakers and financial analysts use this trend to assess the accessibility and penetration of banking services across Singapore's regions and populations.
Key Facts
- Singapore had 2,984 bank branches as of the latest data point.
- The number of branches has increased by 11.2% over the past 5 years.
- Branch density is highest in urban centers like Singapore City.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of bank and other depository institution branches, excluding headquarters, operating in Singapore.
Q: Why is this trend relevant for users or analysts?
A: The geographical distribution of bank branches is an important indicator of financial access and inclusion for consumers and businesses across Singapore.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Monetary Authority of Singapore.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this metric to assess the accessibility and penetration of banking services, which informs policies aimed at promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal delays, providing a timely representation of Singapore's bank branch network.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Singapore (SGPFCBODNUM), retrieved from FRED.