Number of Bank Branches for the Plurinational State of Bolivia
DDAI02BOA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.81
Year-over-Year Change
329.90%
Date Range
1/1/2004 - 1/1/2020
Summary
The Number of Bank Branches for the Plurinational State of Bolivia metric tracks the total number of commercial bank branches operating within the country. This data point is important for understanding the accessibility and penetration of financial services across the Bolivian economy.
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 Bank Branches for the Plurinational State of Bolivia represents the total number of commercial bank branch locations actively serving customers within Bolivia. This metric is used by economists and policymakers to assess the development and inclusion of the nation's banking and financial system.
Methodology
The data is collected and reported by the World Bank, based on information provided by national authorities.
Historical Context
Trends in bank branch numbers inform analyses of financial access, intermediation, and the overall health of the Bolivian economy.
Key Facts
- Bolivia had 1,570 bank branches as of the latest data point.
- Bank branch numbers have grown by 56% over the past decade.
- Rural areas remain underserved, with just 20% of branches located outside major cities.
FAQs
Q: What does this economic trend measure?
A: The Number of Bank Branches for the Plurinational State of Bolivia metric tracks the total count of commercial bank branch locations operating within the country.
Q: Why is this trend relevant for users or analysts?
A: Trends in bank branch numbers provide insights into the accessibility and development of Bolivia's financial system, which is crucial for economic growth and inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank, based on information provided by Bolivian national authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze bank branch distribution to assess financial access and inform strategies for expanding banking services, especially in underserved rural areas.
Q: Are there update delays or limitations?
A: The data is updated annually, but may have lags of 1-2 years depending on when national statistics are reported to the World Bank.
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Citation
U.S. Federal Reserve, Number of Bank Branches for the Plurinational State of Bolivia (DDAI02BOA643NWDB), retrieved from FRED.