Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Canada
CANFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.02
Year-over-Year Change
-21.36%
Date Range
1/1/2006 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 100,000 adults in Canada, providing insight into the geographic availability and accessibility of 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 Canada' metric tracks the density of bank branch infrastructure, which is an important indicator of financial inclusion and the reach of the Canadian banking system.
Methodology
The data is collected and reported by the World Bank as part of their Financial Access Survey.
Historical Context
This trend is widely used by policymakers, economists, and financial analysts to assess the state of financial sector development and access to banking services.
Key Facts
- Canada had 20.53 commercial bank branches per 100,000 adults in 2020.
- The number of bank branches per capita has declined over the past decade.
- Improving financial inclusion is a key policy goal in Canada.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in Canada, providing insight into the geographic availability and accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: The density of bank branch infrastructure is an important indicator of financial inclusion and the reach of the Canadian banking system, making it relevant for policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of their Financial Access Survey.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and financial analysts to assess the state of financial sector development and access to banking services in Canada.
Q: Are there update delays or limitations?
A: The data is reported annually with a slight delay, and may not capture all changes in the banking landscape.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Canada (CANFCBODCANUM), retrieved from FRED.