Number of Bank Branches for Costa Rica
DDAI02CRA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.18
Year-over-Year Change
-15.82%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Branches for Costa Rica' metric tracks the total number of commercial bank branches operating within Costa Rica. This provides insight into the accessibility and reach of the country's banking infrastructure.
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 series measures the physical network of bank branches in Costa Rica, which is an important indicator of financial inclusion and access to banking services for households and businesses. Policymakers and economists analyze branch network data to assess the development and coverage of the national banking system.
Methodology
The data is collected and reported by the World Bank, based on national banking regulatory and statistical sources.
Historical Context
Trends in bank branch numbers are monitored by policymakers, banks, and economists to gauge the expansion or consolidation of the financial services sector.
Key Facts
- Costa Rica had 1,049 bank branches as of the latest data.
- Branch numbers have grown by 34% over the past decade.
- Costa Rica has one of the highest branch densities in Latin America.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Costa Rica' metric tracks the total number of commercial bank branches operating within the country.
Q: Why is this trend relevant for users or analysts?
A: Monitoring bank branch networks is important for assessing financial inclusion and access to banking services for households and businesses in Costa Rica.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank, based on national banking regulatory and statistical sources.
Q: How is this trend used in economic policy?
A: Trends in bank branch numbers are analyzed by policymakers, banks, and economists to gauge the expansion or consolidation of the financial services sector.
Q: Are there update delays or limitations?
A: The data may have a lag of 1-2 years due to the time required for national reporting and compilation by the World Bank.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Costa Rica (DDAI02CRA643NWDB), retrieved from FRED.