Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Jamaica
JAMFCBODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.84
Year-over-Year Change
-24.71%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the number of credit union and financial cooperative branches per 100,000 adults in Jamaica, providing insight into the geographic accessibility of these financial services.
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, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Jamaica metric tracks the physical infrastructure and presence of these institutions across the population, which is an important factor in financial inclusion and economic development.
Methodology
The data is collected by the Jamaica Cooperative Credit Union League and published by the World Bank.
Historical Context
Policymakers and analysts use this metric to assess the financial sector's reach and identify areas for improving access to credit unions and cooperatives.
Key Facts
- Jamaica had 15.13 credit union and financial cooperative branches per 100,000 adults in 2020.
- The number of branches per 100,000 adults has increased by 4.5% since 2015.
- Credit unions and cooperatives play a significant role in Jamaica's financial system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit union and financial cooperative branches per 100,000 adults in Jamaica, providing insights into the geographic accessibility of these financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial inclusion and evaluating the reach of the credit union and cooperative sector, which are key components of Jamaica's financial system.
Q: How is this data collected or calculated?
A: The data is collected by the Jamaica Cooperative Credit Union League and published by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to identify areas for improving access to credit unions and cooperatives, which can contribute to financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be some delays in reporting from the source.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Jamaica (JAMFCBODUANUM), retrieved from FRED.