Number of Bank Branches for Barbados
DDAI02BBA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.63
Year-over-Year Change
-23.82%
Date Range
1/1/2006 - 1/1/2020
Summary
The 'Number of Bank Branches for Barbados' measures the total number of commercial bank branches operating in Barbados. This metric provides insights into the accessibility and coverage of the country's banking infrastructure.
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 indicator represents the physical banking presence in Barbados, including branches of both domestic and foreign-owned commercial banks. The number of bank branches is a key statistic used by policymakers and analysts to evaluate financial inclusion and the development of the Barbadian banking sector.
Methodology
The data is collected by the World Bank through surveys of national banking regulators and statistical agencies.
Historical Context
Trends in bank branch numbers can signal changes in financial access and the competitive landscape for retail banking services in Barbados.
Key Facts
- Barbados had 124 bank branches as of 2020.
- The number of bank branches per 100,000 adults in Barbados was 43.5 in 2020.
- Barbados has seen a decline in bank branches since 2010.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Barbados' metric measures the total number of commercial bank branches operating in the country. It provides insights into the accessibility and coverage of Barbados' banking infrastructure.
Q: Why is this trend relevant for users or analysts?
A: The number of bank branches is a key statistic used by policymakers and analysts to evaluate financial inclusion and the development of the Barbadian banking sector.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of national banking regulators and statistical agencies.
Q: How is this trend used in economic policy?
A: Trends in bank branch numbers can signal changes in financial access and the competitive landscape for retail banking services in Barbados, which is relevant for policymakers and economic analysts.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and survey methodologies of the World Bank and national authorities in Barbados.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Barbados (DDAI02BBA643NWDB), retrieved from FRED.