Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Dominica
DMAFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
-50.00%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator measures the geographic density of commercial bank branches in Dominica, providing insights into financial inclusion and accessibility.
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
The 'Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Dominica' series tracks the number of commercial bank branches per 1,000 square kilometers in Dominica. This metric is used to assess the physical reach and geographic coverage of the banking system, which is an important factor in financial inclusion and economic development.
Methodology
The data is collected and reported by the Central Bank of Dominica.
Historical Context
Policymakers and financial institutions use this indicator to monitor the spatial distribution of banking services and identify underserved areas.
Key Facts
- Dominica has an area of 751 square kilometers.
- The number of commercial bank branches per 1,000 square kilometers in Dominica was 4.44 in 2020.
- Improving geographic coverage of banking services is a key policy objective in Dominica.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the number of commercial bank branches per 1,000 square kilometers in Dominica, providing insights into the geographic coverage and accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial inclusion and identifying underserved areas, which is crucial for policymakers and financial institutions seeking to promote economic development and improve access to banking services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Dominica.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this indicator to monitor the spatial distribution of banking services and inform strategies to expand the reach of the financial system.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be occasional delays in publication due to data collection and reporting processes.
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Number of Identified Exporters to Dominica from Pennsylvania
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Dominica (DMAFCBODCKNUM), retrieved from FRED.