Geographical Outreach: Number of Commercial Banks for Ethiopia
ETHFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.00
Year-over-Year Change
300.00%
Date Range
1/1/2004 - 1/1/2023
Summary
The 'Geographical Outreach: Number of Commercial Banks for Ethiopia' trend measures the total number of commercial banks operating in Ethiopia. This metric is important for economists and policymakers to assess the availability 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
This economic indicator tracks the total number of licensed commercial banks with physical branch locations throughout Ethiopia. It provides insight into the breadth of the country's banking infrastructure and its ability to serve the population's financial needs.
Methodology
The data is collected and reported by the National Bank of Ethiopia.
Historical Context
Monitoring the growth or decline in commercial bank locations is relevant for understanding financial inclusion and private sector development in Ethiopia.
Key Facts
- Ethiopia had 19 commercial banks as of 2020.
- Bank branch penetration in Ethiopia was 5.7 per 100,000 adults in 2019.
- Over 65% of the Ethiopian population lives more than 5km from a bank branch.
FAQs
Q: What does this economic trend measure?
A: The 'Geographical Outreach: Number of Commercial Banks for Ethiopia' metric tracks the total number of licensed commercial banks with physical branch locations throughout the country.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the availability and accessibility of banking services is important for understanding financial inclusion and private sector development in Ethiopia.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Ethiopia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the breadth of Ethiopia's banking infrastructure and identify areas for improving financial access.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates from the National Bank of Ethiopia.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Ethiopia (ETHFCIODCNUM), retrieved from FRED.