Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Senegal
SENFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.06
Year-over-Year Change
75.82%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 1,000 square kilometers in Senegal. It provides insights into the geographical outreach and accessibility of the country's banking infrastructure.
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 1000 Km2 for Senegal data series tracks the density of commercial bank branches across Senegal's geographical area. This metric is used by policymakers and analysts to assess the financial inclusion and accessibility of banking services for the population.
Methodology
The data is collected and reported by the Central Bank of West African States.
Historical Context
This indicator is relevant for understanding financial sector development and informing policies aimed at improving financial access in Senegal.
Key Facts
- Senegal had 2.4 commercial bank branches per 1,000 sq km in 2020.
- The branch density has increased by 20% since 2010.
- Improving financial access is a key policy priority in Senegal.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in Senegal, providing insights into the geographical outreach and accessibility of the country's banking infrastructure.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for understanding financial sector development and informing policies aimed at improving financial access and inclusion in Senegal.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of West African States.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and analysts to assess the geographical coverage and accessibility of banking services, which is crucial for promoting financial inclusion and economic development in Senegal.
Q: Are there update delays or limitations?
A: The data is published with a short delay, and may be subject to revisions by the reporting agency.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Senegal (SENFCBODCKNUM), retrieved from FRED.