Geographical Outreach: Number of Commercial Banks for Gambia, The
GMBFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
-7.69%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial banks operating in Gambia, The. It is an important indicator of financial access and development within 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 number of commercial banks in a country reflects the breadth of its financial system and access to banking services for businesses and individuals. This metric is closely watched by policymakers and economists to gauge financial sector growth and inclusion.
Methodology
This data is collected by the Central Bank of Gambia and reported through official national statistics.
Historical Context
The number of commercial banks is a key input for evaluating financial sector policies and their impact on economic development.
Key Facts
- Gambia, The had 12 commercial banks as of the latest data.
- The number of banks has grown by 50% over the past decade.
- Commercial bank penetration remains low compared to regional peers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks operating in Gambia, The. It is an indicator of financial sector development and access to banking services.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks is a key metric for evaluating the breadth and inclusiveness of a country's financial system, which is crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Gambia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the effectiveness of financial sector reforms and policies aimed at improving access to banking services and promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is published with a relatively short delay, but may be subject to periodic revisions by the reporting agency.
Related Trends
Value of Exports to Gambia from Connecticut
CTGMBA052SCEN
Number of Identified Exporters to Gambia from Tennessee
TNGMBA475SCEN
Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for the Republic of the Gambia
BARTERICMP25UPZSGMB
Number of Identified Exporters to Gambia from Georgia
GAGMBA475SCEN
Number of Identified Exporters to Gambia from Nebraska
NEGMBA475SCEN
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Gambia, The
GMBFCSODCXDC
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Gambia, The (GMBFCIODCNUM), retrieved from FRED.