Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Dominican Republic
DOMFCBODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
459.00
Year-over-Year Change
40.37%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of branches, excluding headquarters, for other deposit takers in the Dominican Republic. It is an important indicator of the geographical outreach and accessibility of the country's financial 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 Other Deposit Takers for Dominican Republic' series tracks the physical branch network of non-bank financial institutions in the Dominican Republic, excluding their central administrative offices. This metric provides insight into the geographic distribution and proximity of financial services to the population.
Methodology
The data is collected by the Central Bank of the Dominican Republic through regulatory reporting.
Historical Context
This trend is used by policymakers and analysts to monitor the evolution of financial inclusion and accessibility across the Dominican Republic.
Key Facts
- The number of branches has grown from 1,206 in 2010 to 1,590 in 2020.
- The Dominican Republic has a population of over 10 million people.
- Non-bank financial institutions play a key role in providing access to banking services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of physical branches, excluding headquarters, operated by non-bank financial institutions in the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the geographic distribution and accessibility of financial services, which is important for monitoring financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of the Dominican Republic through regulatory reporting from non-bank financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the evolution of financial inclusion and accessibility across the Dominican Republic.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all non-bank financial institutions operating in the country.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Dominican Republic (DOMFCBODDNUM), retrieved from FRED.