Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Lao People's Democratic Republic
LAOFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
72.53%
Date Range
1/1/2009 - 1/1/2021
Summary
This economic indicator tracks the number of commercial bank branches per 1,000 square kilometers in Lao People's Democratic Republic, providing insight into the geographical outreach and accessibility of financial services.
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 Lao People's Democratic Republic metric measures the density of commercial bank branches across the country's land area. 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 and calculated by the central bank of Lao PDR.
Historical Context
Monitoring this metric helps inform policies and programs aimed at expanding financial access and inclusive economic development.
Key Facts
- Lao PDR has a land area of 236,800 square kilometers.
- As of the latest data, there are 1.2 commercial bank branches per 1,000 square kilometers.
- Improving financial inclusion is a key priority for the Government of Lao PDR.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of commercial bank branches per 1,000 square kilometers in Lao People's Democratic Republic, providing insight into the geographical outreach and accessibility of financial services.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this metric helps inform policies and programs aimed at expanding financial access and inclusive economic development in Lao PDR.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the central bank of Lao PDR.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to evaluate the financial inclusion and accessibility of banking services for the population.
Q: Are there update delays or limitations?
A: The data is provided by the Lao PDR central bank and may be subject to update delays or other limitations.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Lao People's Democratic Republic (LAOFCBODCKNUM), retrieved from FRED.