Geographical Outreach: Number of Commercial Banks for Mauritania
MRTFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
41.67%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial banks operating in Mauritania. It is an important indicator of financial inclusion and economic development 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 Mauritania reflects the geographical reach and accessibility of the formal banking system. This metric is used by economists and policymakers to assess the financial infrastructure and assess progress towards broader financial inclusion.
Methodology
The data is collected and reported by the Central Bank of Mauritania.
Historical Context
This trend informs analyses of Mauritania's financial sector and economic policies aimed at expanding banking services.
Key Facts
- Mauritania had 20 commercial banks as of the latest data.
- The number of banks has grown by 25% over the past 5 years.
- Bank branch density remains low at 2.4 per 100,000 adults.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks operating in Mauritania, which is an indicator of the geographical reach and accessibility of the formal banking system.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks in a country is an important metric for assessing financial inclusion and economic development. It informs analyses of the financial sector and policies aimed at expanding banking services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Mauritania.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor the development of Mauritania's financial infrastructure and inform policies to promote greater financial inclusion.
Q: Are there update delays or limitations?
A: The data is published with a lag, so there may be a delay in reflecting the most recent changes in the number of commercial banks.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Mauritania (MRTFCIODCNUM), retrieved from FRED.