Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Jamaica
JAMFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.87
Year-over-Year Change
28.80%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 1,000 square kilometers in Jamaica. It is a key indicator of the geographical outreach and accessibility of financial services in 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 Commercial Bank Branches Per 1000 Km2 for Jamaica statistic provides insight into the density of financial infrastructure and the ease of accessing banking services across Jamaica's geographic area. It is used by economists and policymakers to assess financial inclusion and the reach of the banking system.
Methodology
This data is collected and reported by the Central Bank of Jamaica.
Historical Context
Trends in bank branch density are relevant for policies aimed at improving financial access and inclusive economic growth.
Key Facts
- Jamaica had 5.8 commercial bank branches per 1,000 sq km in 2021.
- The number of bank branches per capita is a common measure of financial access.
- Branch density varies widely across different regions of Jamaica.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in Jamaica. It is an indicator of the geographical outreach and accessibility of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: Trends in bank branch density are important for assessing financial inclusion and the reach of the banking system, which are key factors for economic development and growth.
Q: How is this data collected or calculated?
A: This data is collected and reported by the Central Bank of Jamaica.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to evaluate financial access and inform policies aimed at improving the geographic distribution and availability of banking services.
Q: Are there update delays or limitations?
A: The data may have reporting lags, and the indicator does not capture other forms of financial access like mobile banking or ATMs.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Jamaica (JAMFCBODCKNUM), retrieved from FRED.