Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Gambia, The
GMBFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.00
Year-over-Year Change
31.67%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches, excluding headquarters, in Gambia, The. It provides insights into the geographical outreach and accessibility of the country's banking system.
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 Commercial Banks for Gambia, The metric tracks the total number of commercial bank branches located across the country, excluding the central headquarters. This data point is used by economists and policymakers to evaluate the financial inclusion and accessibility of banking services for the population.
Methodology
The data is collected by the Central Bank of Gambia and reported to the Federal Reserve's FRED database.
Historical Context
This trend is relevant for assessing the development and penetration of the Gambian banking sector and its ability to serve the financial needs of businesses and households.
Key Facts
- Gambia, The has a population of over 2.4 million people.
- The banking sector in Gambia, The is dominated by commercial banks.
- Access to banking services is an important driver of economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial bank branches, excluding headquarters, operating in Gambia, The. It provides insights into the geographical outreach and accessibility of the country's banking system.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating the financial inclusion and accessibility of banking services for the population of Gambia, The. It helps economists and policymakers assess the development and penetration of the country's banking sector.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Gambia and reported to the Federal Reserve's FRED database.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the financial sector's ability to serve the needs of businesses and households in Gambia, The, and to inform policies aimed at promoting financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule of the Central Bank of Gambia, and there may be delays in publishing the latest figures on the FRED database.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Gambia, The (GMBFCBODCNUM), retrieved from FRED.