Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Colombia
COLFCBODULNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.00
Year-over-Year Change
0.00%
Date Range
1/1/2008 - 1/1/2015
Summary
This economic trend measures the number of credit union and financial cooperative branches, excluding headquarters, located in the three largest cities in Colombia. It provides insights into the geographical outreach 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 in 3 Largest Cities, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Colombia metric tracks the presence and distribution of credit union and financial cooperative branches across the three most populous cities in the country, excluding the main headquarters. This data is useful for analyzing the geographic accessibility and market penetration of these financial services providers.
Methodology
The data is collected by the relevant regulatory authority in Colombia.
Historical Context
This trend is relevant for policymakers and financial sector analysts to understand the reach and coverage of credit unions and cooperatives in the Colombian market.
Key Facts
- The three largest cities in Colombia are Bogotá, Medellín, and Cali.
- Credit unions and financial cooperatives play a significant role in Colombia's financial sector.
- The number of branches outside of headquarters provides a measure of geographic outreach.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit union and financial cooperative branches, excluding headquarters, located in the three largest cities in Colombia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the geographic accessibility and market penetration of credit unions and financial cooperatives in Colombia, which is relevant for policymakers and financial sector analysts.
Q: How is this data collected or calculated?
A: The data is collected by the relevant regulatory authority in Colombia.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to understand the reach and coverage of credit unions and cooperatives in the Colombian financial market.
Q: Are there update delays or limitations?
A: The data may be subject to update delays or limitations based on the collection and reporting processes of the regulatory authority.
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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 Colombia (COLFCBODULNUM), retrieved from FRED.