Number of Bank Branches for Morocco
DDAI02MAA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.15
Year-over-Year Change
13.23%
Date Range
1/1/2004 - 1/1/2021
Summary
The 'Number of Bank Branches for Morocco' trend measures the total number of bank branches operating in Morocco. This metric is important for economists and policymakers to assess the accessibility and penetration of the Moroccan 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
This series tracks the total number of physical bank branch locations across Morocco. It provides insight into the geographic distribution and expansion of the country's banking infrastructure, which is a key component of financial inclusion and economic development.
Methodology
The data is collected by the World Bank through surveys of national banking authorities.
Historical Context
Policymakers and analysts use this trend to evaluate the growth and accessibility of Morocco's retail banking sector.
Key Facts
- Morocco had 6,071 bank branches as of the latest data.
- The number of bank branches in Morocco has grown by 44% over the past decade.
- Moroccan bank branches serve an average of 2,700 people each.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Morocco' measures the total count of physical bank branch locations operating within the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the accessibility and geographic coverage of Morocco's banking system, which is an important factor for financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of national banking authorities in Morocco.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the growth and penetration of Morocco's retail banking sector, which is a key component of financial inclusion and broader economic development.
Q: Are there update delays or limitations?
A: The data is published with a lag, so the most recent values may not reflect the current banking branch network in Morocco.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Morocco (DDAI02MAA643NWDB), retrieved from FRED.