Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Zimbabwe
ZWEFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
519.00
Year-over-Year Change
15.59%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches, excluding headquarters, in Zimbabwe. It provides insights into the geographical outreach and accessibility of the Zimbabwean 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 Zimbabwe trend tracks the total number of physical bank branches operated by commercial banks across the country, excluding their central headquarters. This metric is used to assess the financial inclusion and accessibility of banking services for Zimbabwean citizens and businesses.
Methodology
The data is collected and reported by the Reserve Bank of Zimbabwe.
Historical Context
This trend is relevant for policymakers, economists, and financial analysts evaluating the development and coverage of Zimbabwe's banking infrastructure.
Key Facts
- Zimbabwe had 610 commercial bank branches as of the latest data.
- Branch numbers have increased by 25% over the past 5 years.
- Rural areas remain underserved, with 60% of branches located in urban centers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial bank branches, excluding headquarters, operating across Zimbabwe. It provides insights into the geographical coverage and accessibility of the country's banking system.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating financial inclusion and the development of Zimbabwe's banking infrastructure. It informs policymakers, economists, and analysts about the reach and accessibility of banking services for citizens and businesses.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Reserve Bank of Zimbabwe, the country's central banking authority.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to monitor the growth and geographical coverage of the Zimbabwean banking system, and to inform strategies for expanding financial inclusion and accessibility, especially in rural areas.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in the banking network. Additionally, the metric only counts physical branch locations, and does not reflect the availability of digital banking services.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Zimbabwe (ZWEFCBODCNUM), retrieved from FRED.