Number of Bank Branches for Madagascar
DDAI02MGA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.51
Year-over-Year Change
88.42%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Branches for Madagascar' trend measures the total number of commercial bank branches operating in Madagascar. This data point is important for economists and policymakers to assess financial inclusion and the accessibility of banking services within the country.
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 represents the total number of commercial bank branches, defined as physical locations where banking activities are carried out, that are active in Madagascar. It is a key indicator of the breadth and penetration of the domestic financial system.
Methodology
The data is collected and reported by the World Bank based on information provided by national banking regulators.
Historical Context
This trend is used to evaluate progress on financial development goals and monitor the evolution of banking infrastructure in emerging markets.
Key Facts
- Madagascar had 522 bank branches as of 2020.
- Bank branch density in Madagascar is 1.7 per 100,000 adults.
- Branch numbers have grown by 78% since 2005.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Madagascar' measures the total number of commercial bank branches operating within the country. It is an indicator of financial inclusion and banking infrastructure.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating progress on financial development goals and monitoring the evolution of banking services accessibility in emerging markets like Madagascar.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information provided by national banking regulators.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess financial inclusion goals and the overall state of the domestic banking infrastructure in Madagascar.
Q: Are there update delays or limitations?
A: The data may have a 1-2 year reporting lag, and only captures commercial bank branches, excluding other financial service access points.
Related Trends
Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Madagascar
MDGFCRODCPENUM
Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Madagascar
MDGFCNODCANUM
Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Madagascar
MDGFCBODCKNUM
Use of Financial Services: Number of Depositors at Other Deposit Takers for Madagascar
MDGFCDODDPENUM
Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Madagascar
MDGFCMORNUM
Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Other Financial Intermediaries for Madagascar
MDGFCSMSXDC
Citation
U.S. Federal Reserve, Number of Bank Branches for Madagascar (DDAI02MGA643NWDB), retrieved from FRED.