Geographical Outreach: Number of Commercial Banks for Belarus
BLRFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
-34.38%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the number of commercial banks operating in Belarus, providing insight into the geographic outreach and density of the country's banking 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 number of commercial banks in Belarus reflects the accessibility and coverage of financial services across the country. This metric is used by economists and policymakers to assess the development and competitiveness of the Belarusian banking industry.
Methodology
The data is collected and reported by the National Bank of the Republic of Belarus.
Historical Context
This trend is relevant for understanding the growth and evolution of Belarus' financial infrastructure.
Key Facts
- Belarus had 25 commercial banks as of 2021.
- The number of banks in Belarus has declined from a high of 32 in 2013.
- The Belarusian banking system is dominated by state-owned institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks operating in Belarus, providing insight into the geographic reach and density of the country's banking sector.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks in Belarus is an important indicator of the development and competitiveness of the country's financial infrastructure, which is relevant for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of the Republic of Belarus.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the growth and evolution of Belarus' financial sector, which is crucial for supporting economic development and promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is published regularly by the National Bank of the Republic of Belarus, but there may be some delays in reporting or potential limitations in coverage.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Belarus (BLRFCIODCNUM), retrieved from FRED.