Geographical Outreach: Number of Commercial Banks for Lesotho
LSOFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the total number of commercial banks operating in Lesotho, providing insight into the geographical outreach and accessibility of 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 Lesotho is an important indicator of financial inclusion and the development of the country's banking sector. It reflects the physical presence and availability of banking infrastructure across Lesotho's regions.
Methodology
The data is collected and reported by the Central Bank of Lesotho.
Historical Context
This metric is used by policymakers and economists to assess the growth and penetration of the Lesotho banking system.
Key Facts
- Lesotho had 10 commercial banks as of the latest data.
- The number of commercial banks in Lesotho has grown by 25% over the past 5 years.
- Lesotho's population-to-bank-branch ratio is higher than the sub-Saharan African average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks operating in Lesotho, providing insight into the geographic reach and accessibility of banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks is an important indicator of financial inclusion and banking sector development, which are key factors for economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Lesotho.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the growth and penetration of Lesotho's banking system and inform policies aimed at improving financial inclusion and access to financial services.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Lesotho, but there may be some delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Lesotho (LSOFCIODCNUM), retrieved from FRED.