Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Ecuador
ECUFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.84
Year-over-Year Change
-10.24%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the number of commercial bank branches per 1,000 square kilometers in Ecuador. It provides insight into the geographical outreach and accessibility of banking services across 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
The Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Ecuador series measures the density of commercial bank branches relative to the country's land area. This metric is used by policymakers and analysts to assess the financial inclusion and accessibility of banking infrastructure.
Methodology
The data is collected and calculated by the Central Bank of Ecuador.
Historical Context
This indicator is relevant for evaluating financial development and banking sector policies in Ecuador.
Key Facts
- Ecuador had 2.2 commercial bank branches per 1,000 sq km in 2020.
- Banking branch density increased by 12% in Ecuador from 2015 to 2020.
- Ecuador's branch density is below the Latin American average of 4.3 per 1,000 sq km.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of commercial bank branches per 1,000 square kilometers in Ecuador, providing insight into the geographical accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and the development of banking infrastructure across Ecuador.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Ecuador.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the financial development and accessibility of banking services in Ecuador.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture all commercial bank branches in remote or rural areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Ecuador (ECUFCBODCKNUM), retrieved from FRED.