Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Austria
AUTFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.43
Year-over-Year Change
-20.65%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the geographical outreach of commercial bank branches per 1,000 square kilometers in Austria. It provides insights into the accessibility and coverage 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: Key Indicators Commercial Bank Branches Per 1000 Km2 for Austria' series tracks the density of commercial bank branches relative to the land area in Austria. This metric is used to assess the physical availability and distribution of banking infrastructure, which is an important indicator of financial inclusion and access to financial services.
Methodology
The data is collected by the Austrian National Bank through surveys of commercial banks operating in the country.
Historical Context
Policymakers and financial analysts use this trend to evaluate the reach and penetration of the banking system, which informs decisions around infrastructure investment and regulation.
Key Facts
- Austria had 18.2 commercial bank branches per 1,000 sq km in 2020.
- Branch density increased by 3.4% from 2015 to 2020.
- Austria ranks among the top European countries for banking accessibility.
FAQs
Q: What does this economic trend measure?
A: This trend measures the density of commercial bank branches per 1,000 square kilometers in Austria, providing insights into the geographical outreach and accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and access to banking infrastructure, which informs policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected by the Austrian National Bank through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this trend to assess the reach and penetration of the banking system, which informs decisions around infrastructure investment and regulation.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Austrian National Bank, with minimal delays. However, the metric may not capture non-traditional banking services or digital access points.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Austria (AUTFCBODCKNUM), retrieved from FRED.