Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Mali
MLIFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
478.00
Year-over-Year Change
43.54%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches, excluding headquarters, in Mali. It provides insight into the geographical outreach and accessibility of the country's banking system.
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 Commercial Banks for Mali metric tracks the total number of physical bank branch locations operated by commercial banks in the country, excluding their main headquarters. This data point is used by economists and policymakers to assess the breadth of financial inclusion and the ability of the banking system to serve geographically dispersed populations.
Methodology
The data is collected by the Central Bank of West African States and reported to the Federal Reserve's FRED database.
Historical Context
This trend is relevant for evaluating financial sector development and access to banking services in Mali.
Key Facts
- Mali has over 300 commercial bank branches nationwide.
- Bank branch density is higher in urban areas compared to rural regions.
- Expanding branch networks is a key strategy to increase financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial bank branches, excluding headquarters, operating in Mali. It provides insight into the geographical outreach of the banking system.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and access to banking services across Mali's population.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of West African States and reported to the Federal Reserve's FRED database.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess financial sector development and design policies to expand banking access and services.
Q: Are there update delays or limitations?
A: The data is published with a short lag, and may not capture all small or informal banking locations.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Mali (MLIFCBODCNUM), retrieved from FRED.