Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Colombia
COLFCBODUKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
18.95%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of credit union and financial cooperative branches per 1,000 square kilometers in Colombia. It provides insights into the geographic reach and accessibility of these financial institutions across the country.
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: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Colombia data series tracks the spatial distribution of credit union and cooperative branch networks. This metric is used to assess financial inclusion and the availability of community-based banking services.
Methodology
The data is collected by the Colombian government through surveys of financial institutions.
Historical Context
Policymakers use this metric to evaluate financial access and inform decisions about infrastructure investment and financial regulation.
Key Facts
- Colombia has a land area of over 1.1 million square kilometers.
- Credit unions and cooperatives play a significant role in Colombia's financial sector.
- Branch density varies widely across Colombia's diverse regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit union and financial cooperative branches per 1,000 square kilometers in Colombia, providing insights into the geographic reach of these institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and access to community-based banking services across Colombia's diverse regions.
Q: How is this data collected or calculated?
A: The data is collected by the Colombian government through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess financial access and inform decisions about infrastructure investment and financial regulation.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and can vary in availability across different regions of Colombia.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Colombia (COLFCBODUKNUM), retrieved from FRED.