Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Singapore
SGPFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
182.00
Year-over-Year Change
-41.29%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of branches, excluding headquarters, for commercial banks in Singapore. It provides insights into the geographical reach and accessibility of the country's banking sector.
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: Number of Branches, Excluding Headquarters, for Commercial Banks for Singapore data series tracks the total number of commercial bank branches in Singapore, excluding the banks' headquarter locations. This metric is used by economists and policymakers to analyze the distribution and accessibility of banking services across the country.
Methodology
The data is collected by the Monetary Authority of Singapore, the country's central bank.
Historical Context
This trend is relevant for understanding the market structure and competitiveness of Singapore's banking industry.
Key Facts
- Singapore has a highly developed and competitive banking sector.
- The number of bank branches has remained relatively stable in recent years.
- The geographical distribution of branches is an important factor in financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial bank branches in Singapore, excluding the banks' headquarter locations. It provides insights into the geographical reach and accessibility of the country's banking sector.
Q: Why is this trend relevant for users or analysts?
A: The geographical distribution of bank branches is an important indicator of the accessibility and competitiveness of the banking industry. This data is used by economists, policymakers, and financial analysts to assess the market structure and level of financial inclusion in Singapore.
Q: How is this data collected or calculated?
A: The data is collected by the Monetary Authority of Singapore, the country's central bank.
Q: How is this trend used in economic policy?
A: Policymakers and regulators may use this data to monitor the banking sector's geographical coverage and ensure adequate access to financial services across Singapore.
Q: Are there update delays or limitations?
A: The data is published regularly by the Monetary Authority of Singapore, with minimal delays. However, the series may not capture all small or temporary branch locations.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Singapore (SGPFCBODCNUM), retrieved from FRED.