Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Singapore
SGPFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
442.90
Year-over-Year Change
-27.32%
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 Singapore, providing insights into the geographical outreach and 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 commercial bank branch density metric indicates the physical presence and distribution of banking infrastructure across a geographic area. It is an important indicator of financial inclusion and the ability of residents to access banking services.
Methodology
The data is collected by the Monetary Authority of Singapore, the country's central bank and financial regulator.
Historical Context
This metric is used by policymakers and analysts to evaluate the financial system's reach and identify areas that may lack adequate banking services.
Key Facts
- Singapore has one of the highest commercial bank branch densities in the world.
- The branch density has remained relatively stable over the past decade.
- Expanding branch networks is a key strategy for banks to reach underserved populations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in Singapore, providing insights into the geographical outreach and accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: The commercial bank branch density metric is an important indicator of financial inclusion and the ability of residents to access banking services, which is a key consideration for policymakers and analysts evaluating the financial system's reach.
Q: How is this data collected or calculated?
A: The data is collected by the Monetary Authority of Singapore, the country's central bank and financial regulator.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to evaluate the financial system's reach and identify areas that may lack adequate banking services, informing policies and strategies to promote financial inclusion.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Monetary Authority of Singapore, with no significant update delays or limitations.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Singapore (SGPFCBODCKNUM), retrieved from FRED.