Forecast: Number of Commercial Bank Branches in Guinea-Bissau

The number of commercial bank branches in Guinea-Bissau has shown a steady increase from 2013 to 2023, standing at 4.29 Units per Hundred Thousand Adults in 2023. Growth has been marked by periods of notable increases, such as in 2015 and 2019 with year-on-year variations of 23.05% and 23.93% respectively. However, there have also been years with slight declines or minimal growth, indicating fluctuations in the development of new bank branches.

Analyzing the last two years, the growth rate from 2021 to 2022 was 4%, while from 2022 to 2023 it was 3.12%. The Compound Annual Growth Rate (CAGR) for the past five years is 7.06%, indicating a consistent upward trend despite some variability. The forecasted data predicts a continuous increase, with a forecasted CAGR of 1.79% and an overall growth rate of 9.3% over the next five years up to 2028.

Future trends to watch for include the impact of digital banking alternatives, regulatory changes in the banking sector, and macroeconomic factors that could influence the expansion or consolidation of physical bank branches in Guinea-Bissau. Additionally, monitoring changes in consumer behavior towards banking could provide valuable insights into future branch networks.