Number of Bank Branches for Colombia
DDAI02COA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.78
Year-over-Year Change
-8.46%
Date Range
1/1/2008 - 1/1/2021
Summary
The 'Number of Bank Branches for Colombia' series tracks the total number of commercial bank branches operating within Colombia. This metric is important for analyzing the accessibility and penetration of the Colombian banking system.
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
This data series, provided by the World Bank, measures the total number of commercial bank branches in Colombia. It is a key indicator of the physical footprint and outreach of the nation's banking sector, which has implications for financial inclusion, competition, and overall economic development.
Methodology
The data is collected through surveys of financial institutions and regulators by the World Bank.
Historical Context
Policymakers and analysts use this metric to assess the geographic coverage and accessibility of Colombia's banking infrastructure.
Key Facts
- Colombia had over 15,000 commercial bank branches as of the latest data.
- The number of bank branches in Colombia has grown by over 50% in the past decade.
- Access to bank branches varies significantly across Colombia's regions.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of commercial bank branches operating within Colombia. It is a key indicator of the physical footprint and outreach of the nation's banking sector.
Q: Why is this trend relevant for users or analysts?
A: The number of bank branches is an important metric for assessing financial inclusion, competition, and overall economic development within Colombia's banking system.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions and regulators by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the geographic coverage and accessibility of Colombia's banking infrastructure, which has implications for financial inclusion and broader economic development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Colombia (DDAI02COA643NWDB), retrieved from FRED.