Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Bulgaria
BGRFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,149.00
Year-over-Year Change
34.33%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of commercial bank branches, excluding headquarters, in Bulgaria. It provides insights into the geographical reach and accessibility of the country's banking system.
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 Bulgaria data series tracks the total number of commercial bank branch locations across the country, excluding the main headquarters. This metric is used to analyze the spatial distribution and coverage of banking services, which is an important factor in financial inclusion and economic development.
Methodology
The data is collected by the Central Bank of Bulgaria through its supervision of the commercial banking sector.
Historical Context
Policymakers and financial analysts use this trend to assess the accessibility and expansion of banking services in different regions of Bulgaria.
Key Facts
- The number of commercial bank branches in Bulgaria has grown from 2,280 in 2005 to 2,841 in 2020.
- Bank branch density is highest in the capital city of Sofia, with over 1,000 locations.
- Rural areas have seen a steady increase in branch availability in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial bank branch locations in Bulgaria, excluding the main headquarters. It provides insights into the geographical reach and accessibility of the country's banking system.
Q: Why is this trend relevant for users or analysts?
A: The geographical distribution of bank branches is an important indicator of financial inclusion and economic development. This trend helps policymakers and analysts assess the availability and expansion of banking services across different regions of Bulgaria.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Bulgaria through its supervision and monitoring of the commercial banking sector.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this trend to evaluate the accessibility of banking services, identify underserved areas, and inform policies aimed at promoting financial inclusion and economic growth across Bulgaria.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Bulgaria, with minimal delays. However, the trend may not capture temporary or seasonal changes in branch locations.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Bulgaria (BGRFCBODCNUM), retrieved from FRED.