Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Bolivia
BOLFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.98
Year-over-Year Change
235.18%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator measures the geographic density of commercial bank branches in Bolivia, providing insights into financial inclusion and accessibility.
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 number of commercial bank branches per 1,000 square kilometers in Bolivia is a key indicator of the geographical outreach and coverage of the country's banking sector. It helps assess the availability and proximity of financial services for populations across different regions.
Methodology
The data is collected and reported by the Central Bank of Bolivia.
Historical Context
This metric is closely monitored by policymakers and economists to evaluate financial inclusion efforts and identify underserved areas.
Key Facts
- Bolivia has an area of over 1.1 million square kilometers.
- The number of commercial bank branches per 1,000 square km in Bolivia was 0.51 in 2020.
- Financial inclusion is a key development goal for the Bolivian government.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the geographic density of commercial bank branches in Bolivia, providing insights into the accessibility and coverage of the country's banking sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion efforts and identifying underserved regions in Bolivia, which can inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Bolivia.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to assess the availability and proximity of financial services across different regions of Bolivia, which informs policies and programs aimed at promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Bolivia, but there may be some delays in reporting or limitations in geographical coverage.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Bolivia (BOLFCBODCKNUM), retrieved from FRED.