Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Panama
PANFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
557.00
Year-over-Year Change
7.12%
Date Range
1/1/2007 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches, excluding headquarters, in Panama. It provides insights into the geographical outreach and accessibility of the Panamanian 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 Panama metric tracks the total number of commercial bank branches operating in the country, excluding the central headquarters. This indicator reflects the extent of banking infrastructure and the ability of consumers to access financial services across different regions.
Methodology
The data is collected and reported by the Central Bank of Panama.
Historical Context
This trend is closely monitored by policymakers, regulators, and market analysts to assess the financial inclusion and banking sector development in Panama.
Key Facts
- Panama has a large and well-developed banking sector.
- The number of commercial bank branches has grown steadily over the past decade.
- The banking system in Panama is considered one of the most advanced in Latin America.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial bank branches, excluding headquarters, operating in Panama. It provides insights into the geographical reach and accessibility of the country's banking infrastructure.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the financial inclusion and development of the Panamanian banking sector. It helps policymakers and analysts assess the availability and distribution of banking services across the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Panama.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to monitor the banking sector's geographical outreach and identify areas that may require further investment or policy interventions to improve financial inclusion and access to banking services.
Q: Are there update delays or limitations?
A: The data is published with a relatively short delay, typically within a few months of the reference period. However, there may be occasional revisions or changes in reporting methodologies that users should be aware of.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Panama (PANFCBODCNUM), retrieved from FRED.