Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Maldives
MDVFCBODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.00
Year-over-Year Change
158.82%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of bank branches, excluding headquarters, operated by other depository corporations in Maldives. It provides insights into the geographical outreach and accessibility of the banking system 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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Maldives is an important indicator of the financial sector's presence and reach within the economy. It helps policymakers and analysts assess the availability and distribution of banking services across different regions.
Methodology
The data is collected and reported by the Central Bank of Maldives.
Historical Context
This trend is relevant for understanding financial inclusion and the development of the banking infrastructure in Maldives.
Key Facts
- Maldives had 233 bank branches in 2021.
- Branch network has grown by 4.5% annually over the past decade.
- Majority of branches are located in the capital region of Malé.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of bank branches, excluding headquarters, operated by other depository corporations in Maldives. It provides insights into the geographical outreach and accessibility of the banking system.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and the development of the banking infrastructure in Maldives. It helps policymakers and analysts assess the availability and distribution of banking services across different regions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Maldives.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to monitor the growth and distribution of the banking network, which is crucial for promoting financial inclusion and economic development in Maldives.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Maldives, but there may be some delays in reporting due to the collection and verification process.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Maldives (MDVFCBODNUM), retrieved from FRED.