Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Commercial Banks for Guinea
GINFCBODCLNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.00
Year-over-Year Change
646.15%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the geographical outreach of commercial banks in Guinea, specifically the number of branches in the 3 largest cities, excluding headquarters.
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 trend represents the expansive reach and accessibility of the commercial banking sector within Guinea's major urban centers. It is a key indicator of financial inclusion and the ability of banks to serve local populations.
Methodology
The data is collected and reported by the Central Bank of Guinea.
Historical Context
This metric is used by policymakers and analysts to assess the financial infrastructure and penetration of banking services across Guinea.
Key Facts
- Guinea has a population of over 13 million.
- The 3 largest cities in Guinea are Conakry, Kankan, and Labé.
- The number of commercial bank branches can indicate financial access.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches located in the 3 largest cities in Guinea, excluding the bank headquarters.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the geographical reach and accessibility of the banking sector, which is a key factor in financial inclusion and economic development.
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: Policymakers and analysts use this metric to evaluate the financial infrastructure and penetration of banking services across Guinea.
Q: Are there update delays or limitations?
A: The data may be subject to update delays or other limitations based on the collection and reporting process of the Central Bank of Guinea.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Commercial Banks for Guinea (GINFCBODCLNUM), retrieved from FRED.