Number of Bank Branches for Saudi Arabia
DDAI02SAA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.16
Year-over-Year Change
1.88%
Date Range
1/1/2004 - 1/1/2019
Summary
The 'Number of Bank Branches for Saudi Arabia' metric tracks the total number of physical bank branches operating in the country. This statistic is important for economists and policymakers to assess financial access and the development of the Saudi 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 data series represents the total count of commercial bank branches located within Saudi Arabia. It is a key indicator of financial inclusion and the geographic reach of banking services across the population.
Methodology
The data is collected and reported by the World Bank from official national sources.
Historical Context
Policymakers use this metric to evaluate progress on improving financial access and inclusion in Saudi Arabia.
Key Facts
- Saudi Arabia had 2,301 bank branches as of 2020.
- Bank branch density in Saudi Arabia is 7 per 100,000 adults.
- The number of bank branches in Saudi Arabia has grown by 17% since 2015.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of physical commercial bank branches operating within Saudi Arabia.
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 across the Saudi population.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank from official national sources in Saudi Arabia.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate progress on improving financial access and inclusion in Saudi Arabia.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
Related Trends
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Outstanding Total International Debt Securities to GDP for Saudi Arabia
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Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Saudi Arabia
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Credit to Government and State-Owned Enterprises to GDP for Saudi Arabia
DDEI08SAA156NWDB
Number of Identified Exporters to Saudi Arabia from New Hampshire
NHSAUA475SCEN
Number of Identified Exporters to Saudi Arabia from New York
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Citation
U.S. Federal Reserve, Number of Bank Branches for Saudi Arabia (DDAI02SAA643NWDB), retrieved from FRED.