Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Guinea-Bissau
GNBFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.53
Year-over-Year Change
104.76%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 1,000 square kilometers in Guinea-Bissau, providing insights into the geographical accessibility of banking services in 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-Bissau metric is a measure of financial inclusion and the spatial distribution of banking infrastructure. It is used by policymakers and economists to evaluate the reach and penetration of the formal financial system.
Methodology
The data is collected by the World Bank from administrative sources and national authorities.
Historical Context
This indicator is relevant for assessing financial development and access to credit, which are important factors for economic growth and poverty reduction.
Key Facts
- Guinea-Bissau had 0.72 commercial bank branches per 1,000 sq km in 2020.
- The number of branches per 1,000 sq km has increased by 44% since 2010.
- Access to banking services remains limited in rural areas of Guinea-Bissau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in Guinea-Bissau, providing insights into the geographical accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for assessing financial inclusion and the spatial distribution of banking infrastructure, which are important factors for economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from administrative sources and national authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate the reach and penetration of the formal financial system in Guinea-Bissau.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays, and access to banking services can vary significantly between urban and rural areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Guinea-Bissau (GNBFCBODCKNUM), retrieved from FRED.