Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Solomon Islands
SLBFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
30.77%
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 Solomon Islands, providing insights into 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 1,000 Km2 for Solomon Islands metric tracks the physical distribution of bank branches across the country's land area, which is an important indicator of financial inclusion and the ability of the population to access banking services.
Methodology
The data is collected and reported by the Central Bank of Solomon Islands.
Historical Context
This metric is used by policymakers and analysts to evaluate the geographic coverage and penetration of the banking system.
Key Facts
- Solomon Islands covers an area of 28,370 square kilometers.
- The country had 91 commercial bank branches as of the latest data.
- The branch density is 3.2 per 1,000 square kilometers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in Solomon Islands, providing insights into the geographic outreach and accessibility of the country's banking infrastructure.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and the ability of the population to access banking services, which are key factors in economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Solomon Islands.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the geographic coverage and penetration of the banking system, which informs decisions on improving financial access and inclusion.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological practices of the Central Bank of Solomon Islands.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1,000 Km2 for Solomon Islands (SLBFCBODCKNUM), retrieved from FRED.