Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Samoa
WSMFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.47
Year-over-Year Change
108.44%
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 Samoa, providing insights into the geographical outreach and accessibility of banking 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: Key Indicators Commercial Bank Branches Per 1000 Km2 for Samoa' metric reflects the density of banking infrastructure, which is a crucial indicator of financial inclusion and economic development.
Methodology
The data is collected and calculated by the World Bank based on national banking regulatory and statistical agencies.
Historical Context
This indicator is used by policymakers, economists, and financial analysts to evaluate financial sector development and identify areas for improving physical access to banking services.
Key Facts
- Samoa had 1.96 commercial bank branches per 1,000 square kilometers in 2020.
- The number of bank branches per 1,000 square kilometers has increased by 24% since 2010.
- Improving banking infrastructure is a key priority for Samoa's economic growth and financial inclusion strategies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in Samoa, providing insights into the geographical outreach and accessibility of banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for evaluating financial sector development and identifying areas for improving physical access to banking services, which is key for financial inclusion and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national banking regulatory and statistical agencies.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, economists, and financial analysts to assess financial sector development and guide policies aimed at improving physical access to banking services.
Q: Are there update delays or limitations?
A: The data is published annually, with the most recent year typically available after a 1-2 year delay.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Samoa (WSMFCBODCKNUM), retrieved from FRED.