Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Colombia
COLFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.82
Year-over-Year Change
-13.66%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 100,000 adults in Colombia. It provides insight into the geographical outreach and accessibility of the Colombian 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 number of commercial bank branches per capita is a key indicator of financial inclusion and the ability of the population to access banking services. This data series tracks the branch density in Colombia over time, which is relevant for policymakers and analysts studying financial sector development.
Methodology
The data is collected and calculated by the World Bank based on information from national central banks and financial regulatory authorities.
Historical Context
This indicator is widely used to assess the state of financial infrastructure and inform policies aimed at expanding access to banking services.
Key Facts
- Colombia had 25.1 commercial bank branches per 100,000 adults in 2020.
- The branch density in Colombia has increased by 43% since 2004.
- Access to banking services remains a challenge, especially in rural areas of Colombia.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of commercial bank branches per 100,000 adults in Colombia, providing insight into the geographical outreach and accessibility of the country's banking system.
Q: Why is this trend relevant for users or analysts?
A: The branch density is a key measure of financial inclusion and the ability of the population to access banking services, which is crucial for economic development and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information from national central banks and financial regulatory authorities.
Q: How is this trend used in economic policy?
A: This indicator is widely used to assess the state of financial infrastructure and inform policies aimed at expanding access to banking services, particularly in underserved areas.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture recent changes in the banking landscape.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Colombia (COLFCBODCANUM), retrieved from FRED.