Geographical Outreach: Number of Commercial Banks for Malawi
MWIFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
-33.33%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend tracks the number of commercial banks in Malawi, providing insights into the financial sector's geographical outreach and accessibility.
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 Malawi is an important indicator of the financial system's development and its ability to serve the population. It reflects the availability and distribution of banking services across the country.
Methodology
The data is collected by the International Monetary Fund (IMF) through its Financial Access Survey.
Historical Context
This trend is relevant for policymakers and economists analyzing financial inclusion and the depth of the banking system in Malawi.
Key Facts
- Malawi had 12 commercial banks as of the latest data.
- The number of commercial banks has increased by 20% over the past decade.
- Expanding bank branch networks is a key priority for improving financial inclusion in Malawi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial banks operating in Malawi, providing insight into the geographical reach and accessibility of the country's financial sector.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks is an important indicator of financial development and inclusion, which are crucial for economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected by the International Monetary Fund (IMF) through its Financial Access Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the depth and accessibility of Malawi's banking system, informing policies aimed at expanding financial inclusion.
Q: Are there update delays or limitations?
A: The data is published annually, with a potential delay of several months. The coverage may be limited to formal commercial banks and may not capture the full scope of financial services in Malawi.
Related Trends
Number of Identified Exporters to Malawi from Vermont
VTMWIA475SCEN
Use of Financial Services Deposit Accounts: Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Malawi
MWIFCAOFMFNNUM
Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Malawi
MWIFCAODCHANUM
Deposit Money Bank Assets to GDP for Malawi
DDDI02MWA156NWDB
Value of Exports to Malawi from Missouri
MOMWIA052SCEN
Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Malawi
MWIFCNODUANUM
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Malawi (MWIFCIODCNUM), retrieved from FRED.