Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Costa Rica
CRIFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.65
Year-over-Year Change
-19.95%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the geographical outreach of commercial bank branches in Costa Rica, providing insights into financial accessibility and the distribution of banking services across 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: Key Indicators Commercial Bank Branches Per 1000 Km2 for Costa Rica' metric tracks the density of commercial bank branches per 1,000 square kilometers. It serves as an indicator of the physical presence and geographical coverage of the banking system, which is crucial for understanding financial inclusion and the ease of access to banking services.
Methodology
The data is collected by the Central Bank of Costa Rica through surveys of commercial banks operating in the country.
Historical Context
This metric is relevant for policymakers, regulators, and analysts assessing the development and penetration of the financial sector in Costa Rica.
Key Facts
- Costa Rica had 2.72 commercial bank branches per 1,000 sq km in 2021.
- The number of branches per 1,000 sq km has increased by 20% since 2010.
- Rural areas of Costa Rica have lower branch density compared to urban centers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the density of commercial bank branches per 1,000 square kilometers in Costa Rica, providing insights into the geographical outreach and accessibility of the banking system.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding financial inclusion and the ease of access to banking services, which are crucial for economic development and the growth of the financial sector.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Costa Rica through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this metric to assess the development and penetration of the financial sector, and to inform policies aimed at improving financial inclusion and access to banking services.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Central Bank of Costa Rica, but there may be some delays in the publication of the latest figures.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Costa Rica (CRIFCBODCKNUM), retrieved from FRED.