Geographical Outreach: Number of Institutions, Other Depository Corporations for Gambia, The
GMBFCIODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.00
Year-over-Year Change
-23.77%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of Other Depository Corporations, a key indicator of financial access and inclusion in Gambia.
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 Other Depository Corporations, such as commercial banks and credit unions, reflects the geographical spread and availability of financial services for consumers and businesses in Gambia. This metric is used to assess financial system development and progress towards financial inclusion goals.
Methodology
The data is collected by the Central Bank of Gambia through surveys of financial institutions.
Historical Context
Policymakers and analysts monitor this trend to gauge the expansion of the formal banking and credit system.
Key Facts
- Gambia had 24 Other Depository Corporations as of the latest data.
- The number of institutions has grown by 20% over the past 5 years.
- Expanding financial access is a key policy goal for Gambia's government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of Other Depository Corporations, such as commercial banks and credit unions, operating in Gambia. It reflects the geographical spread and availability of formal financial services.
Q: Why is this trend relevant for users or analysts?
A: The number of financial institutions is a key indicator of financial inclusion and access to banking services, which are crucial for economic development and household financial security.
Q: How is this data collected or calculated?
A: The Central Bank of Gambia collects this data through surveys of financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess progress towards financial inclusion goals and the overall development of Gambia's formal banking and credit system.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric does not capture informal financial services providers.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations for Gambia, The (GMBFCIODNUM), retrieved from FRED.