Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for China, P.R.: Hong Kong
HKGFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,148.57
Year-over-Year Change
-19.01%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the number of commercial bank branches per 1,000 square kilometers in China's Hong Kong region. It provides insights into the geographic coverage and accessibility of banking services, which is important for policymakers and analysts assessing financial inclusion and economic development.
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 China, P.R.: Hong Kong measures the density of bank branch infrastructure in the Hong Kong region. It serves as a proxy for the physical accessibility of banking services and can be used to evaluate financial access and the reach of the formal financial system.
Methodology
This data is collected and reported by the Hong Kong Monetary Authority.
Historical Context
Policymakers and financial analysts use this indicator to monitor the geographic distribution of banking services and identify areas that may be underserved.
Key Facts
- China's Hong Kong region had 13.7 commercial bank branches per 1,000 square kilometers in 2021.
- The number of bank branches per square kilometer has increased by 18% in Hong Kong since 2010.
- Improved banking infrastructure is associated with greater financial inclusion and economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of commercial bank branches per 1,000 square kilometers in China's Hong Kong region, providing insights into the geographic coverage and accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for policymakers and financial analysts to monitor the distribution of banking infrastructure and identify underserved areas, which is crucial for promoting financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Hong Kong Monetary Authority.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this indicator to assess the geographic distribution of banking services and inform policies aimed at improving financial access and inclusion.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be some delay in the most recent updates.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for China, P.R.: Hong Kong (HKGFCBODCKNUM), retrieved from FRED.