Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Liberia
LBRFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.03
Year-over-Year Change
15.12%
Date Range
1/1/2006 - 1/1/2023
Summary
The 'Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Liberia' metric tracks the density of commercial bank branches across Liberia's geographic area, providing insights into financial inclusion and accessibility.
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
This indicator represents the number of commercial bank branches per 1,000 square kilometers in Liberia. It serves as a measure of the physical proximity and availability of banking services for the population, which is a key factor in financial inclusion and economic development.
Methodology
The data is collected and reported by the Central Bank of Liberia.
Historical Context
Policymakers and economists utilize this metric to assess the geographic distribution and penetration of the banking system, informing efforts to expand financial services access.
Key Facts
- Liberia had 2.31 commercial bank branches per 1,000 km2 in 2020.
- The branch density has increased from 1.24 per 1,000 km2 in 2010.
- Improving branch coverage is a key goal for expanding financial access in Liberia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the density of commercial bank branches per 1,000 square kilometers in Liberia, providing insights into the geographic distribution and accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding financial inclusion and the reach of the banking system, which are key factors in economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Liberia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the geographic coverage of the banking system and inform efforts to expand financial services access.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and data collection processes of the Central Bank of Liberia.
Related Trends
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LBRFCDODMFANUM
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Other Financial Intermediaries for Liberia
LBRFCBMONUM
People 15 Years and Over Saving at a Financial Institution in the Past Year for Liberia
DDAI06LRA156NWDB
Amount Outstanding of International Debt Securities for Issuers in Non-Financial Corporations (Corporate Issuers), All Maturities, Residence of Issuer in Liberia
IDSNFAMRIAOLR
Central Bank Assets to GDP for Liberia
DDDI06LRA156NWDB
Net Lending (+) / Net Borrowing (-) (balance from Financial Account) as Direct Investment for Liberia
LBRBFDBP6GDPPT
Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Liberia (LBRFCBODCKNUM), retrieved from FRED.