Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for St. Vincent and the Grenadines
SVGFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.90
Year-over-Year Change
-17.65%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 1,000 square kilometers in St. Vincent and the Grenadines. It provides insights into the geographical accessibility of banking services, which is a key indicator of financial inclusion and development.
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 1000 Km2 for St. Vincent and the Grenadines series tracks the density of commercial bank branches across the country. It is used by economists and policymakers to evaluate the physical proximity and availability of banking infrastructure, which is crucial for enabling broad-based access to financial services.
Methodology
This data is collected by the World Bank through surveys of national financial regulators.
Historical Context
Monitoring branch density helps inform policies aimed at improving financial inclusion and driving economic growth.
Key Facts
- St. Vincent and the Grenadines had 9.13 commercial bank branches per 1,000 sq km in 2021.
- Branch density has increased by 31% in St. Vincent and the Grenadines since 2010.
- Improving branch accessibility is a key policy goal for advancing financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in St. Vincent and the Grenadines. It provides insights into the geographical accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating financial inclusion and the availability of banking infrastructure, which are crucial for driving economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of national financial regulators.
Q: How is this trend used in economic policy?
A: Monitoring branch density helps inform policies aimed at improving financial inclusion and accessibility of banking services.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not capture all small, informal banking outlets.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for St. Vincent and the Grenadines (SVGFCBODCKNUM), retrieved from FRED.