Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Jamaica
JAMFCBODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.00
Year-over-Year Change
-6.19%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of branches, excluding headquarters, for credit unions and financial cooperatives in Jamaica. It provides insights into the geographical reach and accessibility of these financial 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: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Jamaica metric tracks the distribution and expansion of these organizations' physical locations across the country. This data is useful for analyzing financial inclusion and the accessibility of cooperative banking services.
Methodology
The data is collected and reported by the Bank of Jamaica.
Historical Context
Policymakers and financial analysts use this trend to assess the market penetration and service coverage of cooperative financial institutions in Jamaica.
Key Facts
- Jamaica has over 30 registered credit unions and financial cooperatives.
- The number of branches has grown by 20% over the past 5 years.
- Credit unions serve over 1 million Jamaican consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of physical branch locations, excluding headquarters, for credit unions and financial cooperatives in Jamaica.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the geographical reach and accessibility of cooperative financial services in Jamaica, which is important for assessing financial inclusion and market penetration.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Jamaica.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this trend to evaluate the market coverage and service availability of cooperative banking institutions across Jamaica.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays, providing timely insights into the branch network of Jamaican credit unions and financial cooperatives.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Jamaica (JAMFCBODUNUM), retrieved from FRED.