Geographical Outreach: Number of Commercial Banks for Solomon Islands
SLBFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
33.33%
Date Range
1/1/2004 - 1/1/2023
Summary
The 'Geographical Outreach: Number of Commercial Banks for Solomon Islands' trend measures the total number of commercial banks operating in the Solomon Islands. This data point is crucial for understanding the financial landscape 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
This series tracks the total count of registered commercial banks with physical branch locations in the Solomon Islands. It provides insight into the geographical reach and density of the banking sector, which is an important indicator of financial inclusion and economic development.
Methodology
The data is collected by the Central Bank of Solomon Islands.
Historical Context
Policymakers and economists analyze this trend to assess the state of financial infrastructure and identify areas for improving banking access.
Key Facts
- The Solomon Islands had 8 commercial banks as of the latest data.
- The number of commercial banks has steadily increased since 2010.
- Expanding banking access is a key priority for the Solomon Islands government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of registered commercial banks with physical branch locations operating in the Solomon Islands.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks is an important indicator of financial infrastructure and accessibility, which are crucial factors for economic development and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Solomon Islands.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the state of the financial sector and identify opportunities to improve banking access and services.
Q: Are there update delays or limitations?
A: The data is released on a regular basis by the Central Bank of Solomon Islands, but there may be some delays in reporting or changes to the methodology over time.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Solomon Islands (SLBFCIODCNUM), retrieved from FRED.