Bank Branch Density Statistics in Canada (2026)
According to World Bank World Development Indicators data, commercial bank branch density in Canada came to 19 per 100,000 adults in 2023. Down from 19.8 per 100,000 adults in 2022 to 19 per 100,000 adults in 2023. Canada ranks #2 of 2 economies in North America on this measure, and #45 of 172 globally.
Key Statistics
- Latest value (2023)
- 19 per 100,000 adults (2023)
- Bank Branch Density in Canada as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- −3.8% (2023)
- Down from 19.8 per 100,000 adults in 2022 to 19 per 100,000 adults in 2023.
- CAGR 2006–2023
- −1.5% per year (2023)
- Compound annual growth rate from 24.6 per 100,000 adults in 2006 to 19 per 100,000 adults in 2023.
- Earliest value in this dataset (2006)
- 24.6 per 100,000 adults (2006)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 24.6 per 100,000 adults in 2006 to 19 per 100,000 adults in 2023.
- Peak value (2007)
- 24.7 per 100,000 adults (2007)
- Highest value in the available series; the 2023 value is 19 per 100,000 adults.
- Rank in North America
- #2 of 2 (2023)
- Canada ranks 2 of 2 countries in North America with data, based on each country's latest value.
- Global rank
- #45 of 172 (2023)
- Canada ranks 45 of 172 countries with data globally.
- North America average
- 22.8 per 100,000 adults (2023)
- Canada (19 per 100,000 adults) is below the average of 22.8 per 100,000 adults across the 2 countries in North America with data.
- Projected 2026 value
- 17.8 per 100,000 adults (2026)
- Projection based on 7-year trend (CAGR -2.3%); not an official figure.
- Number of commercial bank branches per 100,000 adults (2024)
- 18 per 100,000 adults (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- Branches excluding headquarters, commercial banks (number) (2024)
- 6,247 (2024)
- Related indicator from IMF Financial Access Survey.
- Internet use in Canada (2024)
- 94.4% (2024)
- 94.4% of the population in Canada used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 41.3 million (2024)
- Canada had a population of 41.3 million in 2024 (World Bank); shown for scale only.
Trend, 2006–2023
| Year | per 100,000 adults | Change |
|---|---|---|
| 2023 | 19 | −3.8% |
| 2022 | 19.8 | −4.5% |
| 2021 | 20.7 | +2.5% |
| 2020 | 20.2 | +2.2% |
| 2019 | 19.7 | −2.1% |
| 2018 | 20.2 | −3.1% |
| 2017 | 20.8 | −6.8% |
| 2016 | 22.3 | −2.5% |
| 2015 | 22.9 | −1.2% |
| 2014 | 23.2 | −0.7% |
| 2013 | 23.4 | −4.0% |
| 2012 | 24.3 | +0.5% |
| 2011 | 24.2 | +0.5% |
| 2010 | 24.1 | −0.5% |
| 2009 | 24.2 | −1.7% |
| 2008 | 24.6 | −0.2% |
| 2007 | 24.7 | +0.4% |
| 2006 | 24.6 | — |
Frequently asked questions
What is the latest figure for commercial bank branch density in Canada?
Commercial bank branch density in Canada stood at 19 per 100,000 adults in 2023, according to World Bank World Development Indicators data.
How does Canada compare with other countries in North America?
Canada ranks 2 of 2 countries in North America with data, with 19 per 100,000 adults versus a regional average of 22.8 per 100,000 adults (latest values per country).
Where does Canada rank globally on bank branch density?
Canada ranks 45 of 172 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
What could bank branch density in Canada look like in 2026?
A trend-based projection puts it at 17.8 per 100,000 adults in 2026. Projection based on 7-year trend (CAGR -2.3%); not an official figure.
When did bank branch density in Canada peak?
The highest value in the available series was 24.7 per 100,000 adults in 2007; the latest (2023) value is 19 per 100,000 adults.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FB.CBK.BRCH.P5, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .