Geographical Outreach: Number of Commercial Banks for Liberia
LBRFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
12.50%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the total number of commercial banks operating in Liberia. It is an important indicator of financial sector development and access to 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 number of commercial banks in Liberia represents the level of geographical outreach and banking sector infrastructure. This data point is used by economists and policymakers to assess financial inclusion and the overall depth of the banking system.
Methodology
The data is collected by Liberia's central bank through surveys of financial institutions.
Historical Context
Trends in the number of commercial banks inform policies aimed at expanding access to banking services and promoting economic growth.
Key Facts
- Liberia had 10 commercial banks as of the latest data.
- The number of banks has increased by 25% over the past 5 years.
- Access to banking services remains limited, with only 36% of adults having a bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks operating in Liberia. It is an indicator of the banking sector's geographical reach and financial inclusion.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks is an important metric for assessing the development and accessibility of the financial system in Liberia.
Q: How is this data collected or calculated?
A: The data is collected by Liberia's central bank through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: Trends in the number of commercial banks inform policies aimed at expanding access to banking services and promoting economic growth in Liberia.
Q: Are there update delays or limitations?
A: The data is published regularly by the central bank, but there may be delays in reporting or challenges in capturing all institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Liberia (LBRFCIODCNUM), retrieved from FRED.