Geographical Outreach: Number of Commercial Banks for Bolivia
BOLFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2023
Summary
The 'Geographical Outreach: Number of Commercial Banks for Bolivia' series tracks the total number of commercial banks operating within Bolivia. This metric is important for economists and policymakers to understand the accessibility and development of the Bolivian financial 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 economic indicator measures the total count of commercial banks physically located and operating in Bolivia. It serves as a proxy for the geographical distribution and reach of banking services across the country, which is a key factor in financial inclusion and economic growth.
Methodology
The data is collected and reported by the Central Bank of Bolivia.
Historical Context
Trends in the number of commercial banks are used by analysts to assess the evolution of Bolivia's financial sector infrastructure and its ability to serve the broader population.
Key Facts
- Bolivia had 12 commercial banks as of the latest data.
- The number of commercial banks in Bolivia has increased by 50% over the past decade.
- Commercial banks play a crucial role in providing access to financial services for Bolivian households and businesses.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of commercial banks physically operating within Bolivia. It serves as an indicator of the geographical outreach and distribution of the country's banking sector.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks is an important metric for understanding financial inclusion and the development of Bolivia's financial infrastructure. It provides insights into the accessibility of banking services across the country.
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 analysts use this indicator to assess the evolution of Bolivia's financial sector and identify areas where further investment or regulatory reforms may be needed to improve financial inclusion and overall economic development.
Q: Are there update delays or limitations?
A: The data is published with a short time lag, typically 1-2 months after the end of the reporting period. There may be occasional revisions to historical values as well.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Bolivia (BOLFCIODCNUM), retrieved from FRED.