Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Lesotho
LSOFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.50
Year-over-Year Change
4.00%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the number of commercial bank branches per 100,000 adults in Lesotho, providing insights into the geographic outreach and accessibility of the country's banking services.
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 100,000 Adults for Lesotho' metric tracks the density of physical bank branch locations relative to the adult population, which is a key indicator of financial inclusion and the reach of the formal banking system.
Methodology
The data is collected by the World Bank from national central banking authorities.
Historical Context
This indicator is used by policymakers, researchers, and financial institutions to assess the state of financial infrastructure and access in Lesotho.
Key Facts
- Lesotho had 5.58 commercial bank branches per 100,000 adults in 2021.
- The branch density has increased from 4.31 per 100,000 adults in 2011.
- Expanding branch networks is a key policy goal to improve financial inclusion in Lesotho.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in Lesotho, providing insights into the geographic outreach and accessibility of the country's banking services.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing financial inclusion and the reach of the formal banking system in Lesotho, which is a key policy goal for improving access to financial services.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national central banking authorities in Lesotho.
Q: How is this trend used in economic policy?
A: Policymakers, researchers, and financial institutions use this indicator to evaluate the state of financial infrastructure and access in Lesotho, informing efforts to expand branch networks and improve financial inclusion.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some potential lags in reporting from national sources.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Lesotho (LSOFCBODCANUM), retrieved from FRED.