Geographical Outreach: Number of Commercial Banks for Chad
TCDFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
50.00%
Date Range
1/1/2004 - 1/1/2021
Summary
The 'Geographical Outreach: Number of Commercial Banks for Chad' trend measures the total number of commercial bank branches operating in the country. This data provides insights into the accessibility and development of Chad's financial system.
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
This economic indicator tracks the physical presence and expansion of the commercial banking sector across Chad. It is used by economists and policymakers to assess financial inclusion, infrastructure, and the overall depth of the country's banking network.
Methodology
The data is collected and reported by the Central Bank of Chad.
Historical Context
The number of commercial bank branches is a key metric for evaluating financial access and the penetration of banking services in developing economies.
Key Facts
- Chad had 172 commercial bank branches as of the latest data.
- The number of bank branches has increased by 28% over the past 5 years.
- Chad has a population of over 16 million people.
FAQs
Q: What does this economic trend measure?
A: The 'Geographical Outreach: Number of Commercial Banks for Chad' indicator tracks the total number of commercial bank branches operating in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the accessibility and development of Chad's financial system, which is crucial for evaluating financial inclusion and the overall depth of banking services in the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Chad.
Q: How is this trend used in economic policy?
A: The number of commercial bank branches is a key indicator used by economists and policymakers to assess financial access and the penetration of banking services in developing economies like Chad.
Q: Are there update delays or limitations?
A: The data is published periodically by the Central Bank of Chad, but there may be delays in reporting or limitations in geographic coverage.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Chad (TCDFCIODCNUM), retrieved from FRED.