Number of Bank Branches for Jamaica
DDAI02JMA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.30
Year-over-Year Change
-2.73%
Date Range
1/1/2004 - 1/1/2021
Summary
The Number of Bank Branches for Jamaica tracks the total number of retail banking locations operating in the country. This metric is important for economists and policymakers to assess financial access and the development of the Jamaican banking sector.
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 Bank Branches for Jamaica measures the total count of physical bank branch locations, including commercial banks, credit unions, and other retail deposit-taking institutions. This provides insight into the geographic reach and penetration of financial services across the Jamaican population.
Methodology
The data is collected and reported annually by the World Bank as part of its Global Financial Development Database.
Historical Context
Trends in bank branches can inform policy decisions related to financial inclusion, infrastructure investment, and the regulatory environment for the Jamaican banking industry.
Key Facts
- Jamaica had 785 bank branches as of the latest data.
- The number of bank branches in Jamaica has declined by 9% over the past decade.
- Jamaica has one of the highest ratios of bank branches per 100,000 adults in the Latin America and Caribbean region.
FAQs
Q: What does this economic trend measure?
A: The Number of Bank Branches for Jamaica tracks the total count of physical retail banking locations, including commercial banks, credit unions, and other deposit-taking institutions operating in the country.
Q: Why is this trend relevant for users or analysts?
A: Trends in the number of bank branches provide insight into the geographic reach and penetration of financial services across the Jamaican population, which is important for assessing financial inclusion and banking sector development.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the World Bank as part of its Global Financial Development Database.
Q: How is this trend used in economic policy?
A: Trends in bank branches can inform policy decisions related to financial inclusion, infrastructure investment, and the regulatory environment for the Jamaican banking industry.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a 1-year delay in the most recent figures being available.
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Amount Outstanding Due within One Year of International Debt Securities for General Government Sector, Residence of Issuer in Jamaica
IDS1YMAORIGGJM
Value of Exports to Jamaica from Florida
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Value of Exports to Jamaica from Missouri
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Deposit Money Bank Assets to GDP for Jamaica
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Citation
U.S. Federal Reserve, Number of Bank Branches for Jamaica (DDAI02JMA643NWDB), retrieved from FRED.