Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Costa Rica
CRIFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
632.00
Year-over-Year Change
-20.10%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of branch locations, excluding headquarters, for commercial banks in Costa Rica. It provides insights into the geographical outreach and accessibility of the country's banking sector.
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 Costa Rica data series tracks the physical presence of commercial bank branches across the country, excluding the main corporate offices. This metric is used by economists and policymakers to assess the level of financial inclusion and the ease of access to banking services for the population.
Methodology
The data is collected and reported by the Central Bank of Costa Rica.
Historical Context
This trend is relevant for understanding the development and distribution of the banking infrastructure in Costa Rica, which can inform financial inclusion policies and regulations.
Key Facts
- Costa Rica had 835 commercial bank branches in 2021.
- The number of branches has increased by 15% over the past 5 years.
- The branch network serves a population of approximately 5 million people.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, for commercial banks operating in Costa Rica. It provides insights into the geographical outreach and accessibility of the banking sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development and distribution of the banking infrastructure in Costa Rica, which can inform financial inclusion policies and regulations.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the level of financial inclusion and the ease of access to banking services for the population, which can inform policies and regulations.
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 reporting.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Costa Rica (CRIFCBODCNUM), retrieved from FRED.