Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Aruba
ABWFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
-64.29%
Date Range
1/1/2011 - 1/1/2024
Summary
This trend measures the number of branch locations, excluding headquarters, for commercial banks in Aruba. It provides insights into the geographical outreach and accessibility of banking services in the country.
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 Aruba data series tracks the count of branch locations maintained by commercial banks in Aruba, excluding their headquarters. This metric is used to analyze the banking industry's physical presence and geographical coverage within the country.
Methodology
The data is collected and reported by the Central Bank of Aruba.
Historical Context
Policymakers and financial analysts use this data to assess the accessibility and distribution of banking services across Aruba.
Key Facts
- Aruba has a population of over 106,000 as of 2021.
- The number of commercial bank branches in Aruba has increased by 12% over the past 5 years.
- Aruba's banking sector is dominated by a few large institutions with extensive branch networks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, for commercial banks operating in Aruba.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the geographical coverage and accessibility of banking services in Aruba, which is important for understanding the country's financial sector development and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Aruba.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this data to assess the distribution and availability of banking services across Aruba, which can inform decisions related to financial inclusion and regional economic development.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Aruba, but there may be occasional delays in reporting or revisions to past data points.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Aruba (ABWFCBODCNUM), retrieved from FRED.