Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Dominican Republic
DOMFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
884.00
Year-over-Year Change
22.61%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the number of branch locations, excluding headquarters, for commercial banks in the Dominican Republic. It provides insight into the geographical reach and accessibility of the country's 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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Dominican Republic metric tracks the physical distribution of commercial bank branches across the country, excluding the main corporate headquarters. This data is used by economists and policymakers to assess the level of financial inclusion and the availability of banking services to the population.
Methodology
The data is collected by the Central Bank of the Dominican Republic through surveys of financial institutions.
Historical Context
This metric is relevant for evaluating the expansion of the banking sector and identifying underserved areas that may require policy interventions.
Key Facts
- The number of commercial bank branches in the Dominican Republic has grown by over 50% since 2010.
- Over 60% of the country's branch network is concentrated in the capital region of Santo Domingo.
- Rural areas account for less than 20% of total commercial bank branches.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, for commercial banks operating in the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the geographical reach and accessibility of banking services, which is crucial for evaluating financial inclusion and identifying underserved areas.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of the Dominican Republic through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the expansion of the banking sector and guide interventions to improve financial access in underserved regions.
Q: Are there update delays or limitations?
A: The data is published with a short delay, and may not capture all branch openings and closures in real-time.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Dominican Republic (DOMFCBODCNUM), retrieved from FRED.