Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Colombia
COLFCIODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
-46.15%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the number of 'Other Deposit Takers' institutions in Colombia, which are a key part of the country's financial 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 Institutions, Other Depository Corporations, Other Deposit Takers' metric provides insight into the accessibility and reach of Colombia's financial services sector. It is an important indicator of financial inclusion and banking infrastructure development.
Methodology
The data is collected by Colombia's central bank through surveys of financial institutions.
Historical Context
Policymakers use this trend to monitor the growth and geographic distribution of Colombia's banking system.
Key Facts
- Colombia had 1,590 'Other Deposit Takers' in 2021.
- The number of institutions has grown 15% since 2015.
- This metric tracks the accessibility of financial services across Colombia.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of 'Other Deposit Takers' institutions in Colombia, which include banks, credit unions, and other non-bank financial entities that accept deposits.
Q: Why is this trend relevant for users or analysts?
A: The number of deposit-taking institutions is an important indicator of financial inclusion and the development of Colombia's banking infrastructure.
Q: How is this data collected or calculated?
A: The data is collected by Colombia's central bank through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to monitor the growth and geographic distribution of Colombia's banking system and inform decisions around financial sector development.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into the Colombian financial system.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Colombia (COLFCIODDNUM), retrieved from FRED.