Geographical Outreach: Number of Institutions, Other Depository Corporations for Bulgaria
BGRFCIODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.00
Year-over-Year Change
-5.88%
Date Range
1/1/2004 - 1/1/2017
Summary
This trend measures the number of other depository corporations, such as commercial banks, in Bulgaria. It provides insight into the geographical reach and accessibility of the country's banking and financial services sector.
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 Institutions, Other Depository Corporations for Bulgaria metric tracks the total count of financial institutions, excluding the central bank, that accept deposits and provide lending services across the country. This data point is relevant for analyzing the development and distribution of Bulgaria's banking infrastructure.
Methodology
The data is collected and reported by the National Statistical Institute of Bulgaria.
Historical Context
Policymakers and economists use this metric to assess the financial inclusion and accessibility for businesses and households in Bulgaria.
Key Facts
- Bulgaria had 24 other depository corporations as of the latest data.
- The number of institutions has remained relatively stable over the past decade.
- Access to banking services is an important factor in economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of other depository corporations, such as commercial banks, operating in Bulgaria, excluding the central bank.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the geographical reach and accessibility of Bulgaria's banking and financial services sector, which is important for understanding financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Statistical Institute of Bulgaria.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the financial infrastructure and accessibility for businesses and households in Bulgaria.
Q: Are there update delays or limitations?
A: The data is published regularly by the National Statistical Institute of Bulgaria, but may be subject to periodic revisions or updates.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations for Bulgaria (BGRFCIODNUM), retrieved from FRED.