Geographical Outreach: Number of Commercial Banks for Fiji
FJIFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
20.00%
Date Range
1/1/2004 - 1/1/2022
Summary
The 'Geographical Outreach: Number of Commercial Banks for Fiji' trend measures the total number of commercial banks operating in Fiji. This metric is important for assessing the accessibility and competitiveness of the Fijian banking sector.
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 series tracks the total count of registered commercial banks with physical branches or locations in Fiji. It provides insight into the geographic distribution and coverage of financial services across the country, which is a key factor in financial inclusion and economic development.
Methodology
The data is collected by the Reserve Bank of Fiji through its regulatory oversight of the national banking system.
Historical Context
Policymakers and analysts use this metric to monitor the evolution of Fiji's banking infrastructure and identify areas that may require greater financial service access.
Key Facts
- Fiji had 9 registered commercial banks as of 2021.
- The number of commercial bank branches in Fiji increased by 15% from 2015 to 2020.
- Over 80% of Fijian adults had a bank account as of 2017.
FAQs
Q: What does this economic trend measure?
A: The 'Geographical Outreach: Number of Commercial Banks for Fiji' metric tracks the total count of registered commercial banks operating with physical locations in Fiji.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the accessibility and distribution of banking services across Fiji, which is important for assessing financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Reserve Bank of Fiji through its regulatory oversight of the national banking system.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the evolution of Fiji's banking infrastructure and identify areas that may require greater financial service access.
Q: Are there update delays or limitations?
A: The data is published regularly by the Reserve Bank of Fiji, but there may be some delays in reporting the most recent figures.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Fiji (FJIFCIODCNUM), retrieved from FRED.