Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Nicaragua
NICFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
376.00
Year-over-Year Change
36.73%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the number of commercial bank branches, excluding headquarters, in Nicaragua. It provides insights into the geographical outreach and accessibility of the country's banking 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: Number of Branches, Excluding Headquarters, for Commercial Banks for Nicaragua series measures the total number of commercial bank branches, excluding the main headquarters, operating within the country. This metric is used to assess the physical presence and accessibility of banking services for individuals and businesses across Nicaragua's regions.
Methodology
The data is collected by the Central Bank of Nicaragua and reported as the total count of branch locations.
Historical Context
This trend is relevant for policymakers and financial analysts evaluating the level of financial inclusion and banking infrastructure development in Nicaragua.
Key Facts
- Nicaragua had 798 commercial bank branches in 2021.
- The number of branches has increased by 15% over the past 5 years.
- Rural areas have significantly fewer bank branches compared to urban centers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial bank branches, excluding headquarters, operating in Nicaragua. It provides insights into the geographical outreach and accessibility of banking services across the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating financial inclusion and the development of banking infrastructure in Nicaragua. It helps policymakers and analysts understand the level of physical access to banking services for individuals and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Nicaragua and reported as the total count of commercial bank branch locations, excluding the main headquarters.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and financial regulators to assess the coverage and accessibility of banking services, which informs policies aimed at promoting financial inclusion and economic development in Nicaragua.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 1-2 quarters behind the current period. Additionally, the metric may not capture informal or unregistered banking outlets in remote areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Nicaragua (NICFCBODCNUM), retrieved from FRED.