Number of Bank Branches for Lao People's Democratic Republic
DDAI02LAA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.21
Year-over-Year Change
569.90%
Date Range
1/1/2008 - 1/1/2020
Summary
The 'Number of Bank Branches for Lao People's Democratic Republic' tracks the total number of bank branches operating in Laos. This metric is important for economists and policymakers to assess financial inclusion and the development of the country's banking sector.
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 series measures the total number of bank branches, which include both commercial banks and microfinance institutions, actively serving customers in Laos. It provides insight into the accessibility and penetration of formal banking services across the population.
Methodology
The data is collected and reported annually by the World Bank as part of its Global Financial Development Database.
Historical Context
Trends in bank branch density are closely monitored by Laotian authorities and international organizations to gauge progress towards financial sector deepening and inclusive economic growth.
Key Facts
- Laos had 579 bank branches as of the latest data in 2020.
- Bank branch density in Laos was 8.2 per 100,000 adults in 2020.
- The number of bank branches in Laos has grown by over 50% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of bank branches, including both commercial banks and microfinance institutions, actively operating in Laos.
Q: Why is this trend relevant for users or analysts?
A: The number of bank branches is a key indicator of financial inclusion and the development of Laos' banking sector, which is important for driving economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The 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: Policymakers and international organizations closely monitor trends in bank branch density to gauge progress towards expanding access to formal financial services and achieving inclusive economic development in Laos.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current state of Laos' banking sector.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Lao People's Democratic Republic (DDAI02LAA643NWDB), retrieved from FRED.