Number of Bank Branches for Solomon Islands
DDAI02SBA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.88
Year-over-Year Change
-49.75%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Branches for Solomon Islands' trend tracks the total number of bank branches operating in the Solomon Islands over time. This metric is a key indicator of financial access and banking infrastructure development in 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 trend measures the physical presence and reach of the banking sector in the Solomon Islands. It is used by policymakers, economists, and development organizations to assess the progress of financial inclusion and the overall state of the country's banking system.
Methodology
The data is collected through surveys of financial institutions and regulatory authorities in the Solomon Islands.
Historical Context
This trend provides important context for evaluating the growth and accessibility of banking services, which is critical for economic development and household financial stability.
Key Facts
- The number of bank branches in Solomon Islands has grown from 15 in 2004 to 57 in 2020.
- Only 33% of adults in Solomon Islands had a bank account as of 2017.
- The Solomon Islands is working to expand financial inclusion as part of its national development strategy.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of bank branches operating in the Solomon Islands, which is an indicator of financial access and banking infrastructure development in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important context for evaluating the growth and accessibility of banking services, which is critical for economic development and household financial stability in the Solomon Islands.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions and regulatory authorities in the Solomon Islands.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and development organizations use this trend to assess the progress of financial inclusion and the overall state of the Solomon Islands' banking system.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and collection, and may not capture all informal or unregulated banking activities.
Related Trends
Fiscal Situation of General Government: Gross Debt Position for Solomon Islands
SLBGGXWDGG01GDPPT
Number of Identified Exporters to Solomon Islands from Colorado
COSLBA475SCEN
Bank's Cost to Income Ratio for Solomon Islands
DDEI07SBA156NWDB
Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Solomon Islands
SLBFCAKNUM
Number of Identified Exporters to Solomon Islands from Hawaii
HISLBA475SCEN
Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Solomon Islands
SLBFCSODDXDC
Citation
U.S. Federal Reserve, Number of Bank Branches for Solomon Islands (DDAI02SBA643NWDB), retrieved from FRED.