Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for El Salvador
SLVFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
431.00
Year-over-Year Change
-10.02%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic trend tracks the number of commercial bank branches, excluding headquarters, in El Salvador. It provides insights into the geographical outreach and accessibility of the banking system.
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 Commercial Banks for El Salvador data series measures the total number of commercial bank branches, excluding the main headquarters, operating within the country. This metric is used to assess the geographic distribution and coverage of the financial services industry.
Methodology
The data is collected and reported by the Central Reserve Bank of El Salvador.
Historical Context
This trend is relevant for policymakers and financial analysts evaluating the accessibility and penetration of the banking system within El Salvador.
Key Facts
- El Salvador had 1,203 commercial bank branches as of the latest data.
- The number of branches has increased by 10% over the past 5 years.
- Rural areas of El Salvador have lower branch density compared to urban centers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial bank branches, excluding headquarters, operating in El Salvador. It provides insights into the geographic distribution and outreach of the banking system.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating the accessibility and penetration of financial services within El Salvador, which is relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Reserve Bank of El Salvador.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this data to assess the geographic coverage of the banking system and identify areas that may require increased financial inclusion initiatives.
Q: Are there update delays or limitations?
A: The data is published with a short lag, and may not capture real-time changes in the number of bank branches.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for El Salvador (SLVFCBODCNUM), retrieved from FRED.