Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Dominica
DMAFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-50.00%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of commercial bank branches, excluding headquarters, in Dominica. It provides insights into the geographical footprint and accessibility of the country's banking 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, Excluding Headquarters, for Commercial Banks for Dominica is an indicator that tracks the physical presence of commercial banks throughout the country, rather than just at their central offices. This metric is useful for analyzing the banking sector's reach and ability to serve diverse communities.
Methodology
The data is collected and reported by the Central Bank of Dominica.
Historical Context
This trend is relevant for policymakers and financial institutions to assess the distribution of banking services and identify potential underserved areas.
Key Facts
- Dominica had 36 commercial bank branches as of the latest data.
- The number of branches has remained relatively stable over the past decade.
- Branching density is an important factor in financial accessibility for rural communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches, excluding headquarters, located throughout Dominica. It provides insights into the geographical coverage and accessibility of banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: The branch network of commercial banks is an important indicator of financial inclusion and the ability of the banking sector to serve diverse communities across Dominica. This data is relevant for policymakers, financial institutions, and analysts studying the country's banking landscape.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Dominica, the country's monetary authority.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this data to assess the distribution of banking services and identify potential underserved areas. It can inform decisions about branch licensing, financial inclusion initiatives, and the overall development of the banking sector.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Dominica, but there may be occasional delays in publication. The metric only captures commercial bank branches and does not include other financial service providers.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Dominica (DMAFCBODCNUM), retrieved from FRED.