Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for El Salvador
SLVFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.28
Year-over-Year Change
-20.24%
Date Range
1/1/2009 - 1/1/2023
Summary
The 'Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for El Salvador' trend measures the availability of physical banking infrastructure for the adult population in El Salvador. This metric is crucial for evaluating financial inclusion and accessibility of banking services.
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
This indicator represents the number of commercial bank branches per 100,000 adults in El Salvador. It serves as a proxy for the geographic spread and density of the banking network, which impacts residents' ability to access financial services and products.
Methodology
The data is collected and calculated by the World Bank based on information provided by national central banks and financial regulators.
Historical Context
Policymakers use this metric to assess the development and penetration of the banking system, which informs financial inclusion and infrastructure policies.
Key Facts
- El Salvador had 13.93 commercial bank branches per 100,000 adults in 2020.
- The indicator has declined from a high of 15.31 branches per 100,000 adults in 2013.
- Access to banking services remains limited compared to other Latin American countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in El Salvador, which indicates the geographic availability and spread of the banking network.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and accessibility of banking services for the adult population in El Salvador.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information provided by national central banks and financial regulators.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the development and penetration of the banking system, which informs financial inclusion and infrastructure policies.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be lags 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 El Salvador (SLVFCBODCANUM), retrieved from FRED.