Number of Bank Branches for Sri Lanka
DDAI02LKA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.63
Year-over-Year Change
114.07%
Date Range
1/1/2004 - 1/1/2015
Summary
The 'Number of Bank Branches for Sri Lanka' metric tracks the total number of commercial bank branches operating within Sri Lanka. This data provides insights into the accessibility and reach 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 economic indicator represents the physical banking presence across Sri Lanka, capturing the growth or contraction of the branch network over time. The number of bank branches is a key measure of financial inclusion and the development of the domestic banking sector.
Methodology
The data is collected and reported annually by the World Bank from national regulatory and statistical agencies.
Historical Context
Policymakers and economists use this metric to assess the evolving landscape of financial services access and banking sector penetration in the Sri Lankan economy.
Key Facts
- The number of bank branches in Sri Lanka has grown from 2,839 in 2010 to 3,927 in 2020.
- Sri Lanka has a bank branch density of 18.6 branches per 100,000 adults as of 2020.
- Private domestic banks account for the largest share of Sri Lanka's bank branch network.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Sri Lanka' metric tracks the total count of commercial bank branches operating within the country. It provides a measure of the physical banking infrastructure and access to financial services.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding the development and accessibility of the Sri Lankan banking sector, which is a key driver of economic growth and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the World Bank based on information provided by national regulatory and statistical agencies in Sri Lanka.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the progress of financial sector development and identify areas for improving banking accessibility and financial inclusion across Sri Lanka.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, so there may be a 1-year delay in the most recent figures. The metric only captures commercial bank branches and may not reflect the full landscape of financial service providers.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Sri Lanka (DDAI02LKA643NWDB), retrieved from FRED.