Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Jamaica
JAMFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152.00
Year-over-Year Change
28.81%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of commercial bank branches, excluding headquarters, in Jamaica. It provides insights into the geographical outreach and accessibility of the Jamaican 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
The Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Jamaica series tracks the total number of commercial bank branches operating in the country, excluding the banks' main headquarters. This metric is used to assess the physical presence and reach of the banking sector across different regions and communities.
Methodology
The data is collected directly from the Bank of Jamaica, the country's central banking authority.
Historical Context
Policymakers and economists analyze this trend to evaluate the banking sector's ability to serve and support economic activity throughout Jamaica.
Key Facts
- Jamaica had 336 commercial bank branches as of the latest data.
- The number of branches has increased by 12% over the past 5 years.
- Branch density is highest in urban areas, supporting financial inclusion efforts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial bank branches operating in Jamaica, excluding the banks' main headquarters.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the physical presence and accessibility of the Jamaican banking system, which is important for evaluating financial inclusion and supporting economic development.
Q: How is this data collected or calculated?
A: The data is collected directly from the Bank of Jamaica, the country's central banking authority.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the banking sector's ability to serve and support economic activity throughout Jamaica.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bank of Jamaica, with minimal delays. However, the metric may not capture temporary branch closures or changes in branch networks.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Jamaica (JAMFCBODCNUM), retrieved from FRED.