Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Commercial Banks for Jamaica
JAMFCBODCLNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.00
Year-over-Year Change
-3.17%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the number of commercial bank branches located in Jamaica's three largest cities, excluding headquarters. It provides insight into the geographic distribution and accessibility of banking services 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: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Commercial Banks for Jamaica indicator tracks the physical presence of commercial bank branches in the three most populous cities in Jamaica, excluding the banks' headquarter locations. This metric is used to assess the broader accessibility and penetration of the banking system within the country.
Methodology
The data is collected by the Central Bank of Jamaica through surveys of licensed commercial banks.
Historical Context
This trend is relevant for policymakers and financial sector analysts studying the geographic coverage and distribution of banking services in Jamaica.
Key Facts
- Jamaica has 3 largest cities by population.
- Commercial banks have branch locations in these cities.
- This metric excludes the banks' headquarters.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches located in Jamaica's three largest cities, excluding the banks' headquarters.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the geographic distribution and accessibility of banking services across Jamaica, which is important for policymakers and financial sector analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Jamaica through surveys of licensed commercial banks.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and financial sector analysts to study the geographic coverage and distribution of banking services in Jamaica.
Q: Are there update delays or limitations?
A: The data may be subject to update delays based on the Central Bank of Jamaica's survey and reporting processes.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Commercial Banks for Jamaica (JAMFCBODCLNUM), retrieved from FRED.