Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Other Deposit Takers for Colombia
COLFCBODDLNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,628.00
Year-over-Year Change
643.38%
Date Range
1/1/2008 - 1/1/2015
Summary
This economic trend measures the number of bank branches, excluding headquarters, operated by other deposit-taking institutions in the three largest cities in Colombia. It provides insights into the geographical outreach and accessibility of the country's financial 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 in 3 Largest Cities, Excluding Headquarters, for Other Deposit Takers for Colombia metric tracks the branch network of non-bank financial institutions across the major urban centers of the country. This data is used by policymakers and analysts to assess the level of financial inclusion and the ability of households and businesses to access banking services.
Methodology
The data is collected and reported by the Central Bank of Colombia.
Historical Context
This trend is relevant for evaluating financial sector development and the effectiveness of policies aimed at improving access to formal banking services.
Key Facts
- Colombia has the third-largest economy in Latin America.
- The three largest cities in Colombia are Bogotá, Medellín, and Cali.
- Other deposit takers refer to non-bank financial institutions that accept deposits.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of bank branches, excluding headquarters, operated by other deposit-taking institutions in the three largest cities in Colombia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the geographical outreach and accessibility of the country's financial services, which is important for evaluating financial inclusion and the effectiveness of policies aimed at improving access to formal banking.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Colombia.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts evaluating financial sector development and the effectiveness of policies aimed at improving access to formal banking services.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and potential limitations of the Central Bank of Colombia.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Other Deposit Takers for Colombia (COLFCBODDLNUM), retrieved from FRED.