Number of Bank Branches for Kiribati
DDAI02KIA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.74
Year-over-Year Change
-4.13%
Date Range
1/1/2011 - 1/1/2013
Summary
The 'Number of Bank Branches for Kiribati' series tracks the total number of commercial bank branches operating in the Pacific island nation of Kiribati. This metric is a key indicator of financial inclusion and access to 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 number of bank branches is an important statistic for understanding the development of Kiribati's financial system and economy. The data can inform policy decisions around infrastructure investment, regulation, and promoting greater financial access for the population.
Methodology
This data is collected and reported annually by the World Bank as part of its Global Financial Development Database.
Historical Context
Trends in bank branch numbers are closely monitored by economists, policymakers, and financial sector analysts.
Key Facts
- Kiribati is a small Pacific island nation with a population of around 120,000.
- The number of bank branches in Kiribati has grown from 16 in 2004 to 24 in 2020.
- Increasing access to formal banking services is a key development goal for Kiribati.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Kiribati' series tracks the total number of commercial bank branches operating in the Pacific island nation of Kiribati.
Q: Why is this trend relevant for users or analysts?
A: The number of bank branches is an important indicator of financial inclusion and access to banking services, which are crucial for economic development.
Q: How is this data collected or calculated?
A: This data is collected and reported annually by the World Bank as part of its Global Financial Development Database.
Q: How is this trend used in economic policy?
A: Trends in bank branch numbers are closely monitored by economists, policymakers, and financial sector analysts to inform decisions around infrastructure investment, regulation, and promoting greater financial access.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a 1-year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Kiribati (DDAI02KIA643NWDB), retrieved from FRED.