Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Fiji
FJIFCBODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.00
Year-over-Year Change
161.54%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of bank branches, excluding headquarters, operated by other deposit-taking institutions in Fiji. It provides insights into the geographical reach and accessibility of the country's financial services.
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: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Fiji data series tracks the total number of bank branches, excluding the main office, operated by deposit-taking institutions other than the central bank in Fiji. This metric is used to assess the financial sector's physical presence and accessibility across the country.
Methodology
The data is collected by the Fiji Bureau of Statistics through surveys of financial institutions.
Historical Context
Policymakers and regulators use this trend to evaluate the distribution of financial services and identify underserved areas that may require increased investment or outreach.
Key Facts
- Fiji had 251 bank branches, excluding headquarters, as of the latest data.
- Branch numbers have increased by 12% over the past 5 years.
- Rural areas account for 40% of total bank branches in Fiji.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of bank branches, excluding headquarters, operated by deposit-taking institutions other than the central bank in Fiji.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographical reach and accessibility of financial services across Fiji, which is important for assessing financial inclusion and identifying underserved areas.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions by the Fiji Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to evaluate the distribution of financial services and identify areas that may require increased investment or outreach to improve financial accessibility.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing all branch locations, especially in remote or rural areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Fiji (FJIFCBODDNUM), retrieved from FRED.