Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Nicaragua
NICFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.71
Year-over-Year Change
7.46%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 100,000 adults in Nicaragua, providing insights into the geographical accessibility of banking services.
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: Key Indicators Commercial Bank Branches Per 100,000 Adults for Nicaragua statistic offers a metric for evaluating the density and distribution of financial access points across the population, which is a key indicator of financial inclusion.
Methodology
The data is collected through national surveys and reported by the Central Bank of Nicaragua.
Historical Context
This metric is used by policymakers and analysts to monitor progress towards financial inclusion goals and identify underserved regions.
Key Facts
- Nicaragua had 15.53 commercial bank branches per 100,000 adults in 2021.
- The number of bank branches per capita has increased by 23% since 2011.
- Financial inclusion remains a key challenge, with large urban-rural disparities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in Nicaragua, providing insights into the geographical accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial inclusion, as it reflects the density and distribution of financial access points across the population, which is crucial for economic development and poverty alleviation.
Q: How is this data collected or calculated?
A: The data is collected through national surveys and reported by the Central Bank of Nicaragua.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor progress towards financial inclusion goals and identify underserved regions that require targeted interventions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing informal or mobile banking access points.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Nicaragua (NICFCBODCANUM), retrieved from FRED.