Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Financial Intermediaries for Sri Lanka
LKAFCBMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.00
Year-over-Year Change
-68.11%
Date Range
1/1/2009 - 1/1/2015
Summary
The 'Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Financial Intermediaries for Sri Lanka' trend measures the total number of branch locations, excluding headquarters, operated by non-bank financial institutions in Sri Lanka. This data provides insight into the geographic reach and accessibility of the country's financial services sector.
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 economic indicator tracks the number of branch offices for other financial intermediaries in Sri Lanka, excluding their central headquarters. It offers a quantitative measure of the physical presence and accessibility of these non-bank financial service providers across the country. Economists and policymakers analyze this data to assess the financial inclusion and outreach efforts of the Sri Lankan economy.
Methodology
The data is collected by the Central Bank of Sri Lanka through surveys of non-bank financial institutions.
Historical Context
Policymakers use this trend to monitor financial accessibility and inform policies aimed at expanding the reach of Sri Lanka's financial system.
Key Facts
- Sri Lanka had 7,679 non-bank financial branches in 2021.
- Branch numbers grew by 6.8% annually from 2016 to 2021.
- The Colombo district has the highest concentration of non-bank branches.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of branch locations, excluding headquarters, operated by non-bank financial institutions in Sri Lanka.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the geographic reach and accessibility of Sri Lanka's financial services sector, which is important for assessing financial inclusion and informing related economic policies.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Sri Lanka through surveys of non-bank financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to monitor financial accessibility and inform policies aimed at expanding the reach of Sri Lanka's financial system.
Q: Are there update delays or limitations?
A: The data is reported annually with a short delay, and may not capture all non-bank financial institutions in the country.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Financial Intermediaries for Sri Lanka (LKAFCBMNUM), retrieved from FRED.