Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Guinea
GINFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.95
Year-over-Year Change
154.35%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the geographical outreach of commercial bank branches per 1,000 square kilometers in Guinea. It provides insights into the accessibility and density of financial 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 Guinea' series tracks the spatial distribution of banking infrastructure in Guinea. This metric is used by policymakers and analysts to evaluate financial inclusion and the reach of the formal banking system.
Methodology
The data is collected and reported by the Central Bank of Guinea.
Historical Context
This indicator informs policy decisions around expanding banking access and promoting economic development.
Key Facts
- Guinea has approximately 0.15 bank branches per 1,000 sq km.
- Banking access varies significantly between urban and rural areas.
- Increasing branch density is a key policy goal for financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the geographical outreach of commercial bank branches per 1,000 square kilometers in Guinea. It provides insights into the accessibility and density of financial services across the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for policymakers and analysts evaluating financial inclusion and the reach of the formal banking system in Guinea.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Guinea.
Q: How is this trend used in economic policy?
A: This indicator informs policy decisions around expanding banking access and promoting economic development in Guinea.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological practices of the Central Bank of Guinea.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Guinea (GINFCBODCKNUM), retrieved from FRED.