Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Jamaica
JAMFCBODULNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.00
Year-over-Year Change
65.00%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the number of branches, excluding headquarters, operated by credit unions and financial cooperatives in Jamaica's 3 largest cities. It provides insights into the geographical outreach and accessibility of these institutions.
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 trend tracks the branch network expansion of credit unions and financial cooperatives in Jamaica's major urban centers, excluding their main headquarters. This data is useful for assessing the market penetration and geographic coverage of these community-based financial service providers.
Methodology
The data is collected through surveys and reports from the Bank of Jamaica.
Historical Context
Policymakers and regulators use this trend to evaluate the financial inclusion efforts and market development of the credit union and cooperative sectors.
Key Facts
- The trend covers credit unions and financial cooperatives, not commercial banks.
- Jamaica has over 40 credit unions and cooperatives with a growing branch network.
- Branches in major cities indicate improved access to financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branches, excluding headquarters, operated by credit unions and financial cooperatives in Jamaica's 3 largest cities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the geographical outreach and accessibility of community-based financial service providers in Jamaica, which is useful for assessing financial inclusion efforts and market development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from the Bank of Jamaica.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to evaluate the financial inclusion efforts and market development of the credit union and cooperative sectors in Jamaica.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting by financial institutions and the central bank.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Jamaica (JAMFCBODULNUM), retrieved from FRED.