Number of Bank Branches for Austria
DDAI02ATA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.35
Year-over-Year Change
4.97%
Date Range
1/1/2004 - 1/1/2021
Summary
The 'Number of Bank Branches for Austria' trend tracks the total number of commercial bank branches operating within Austria. This metric provides insights into the accessibility and distribution of banking services in 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 number of bank branches is a key indicator of the banking infrastructure and financial services landscape in Austria. It reflects the geographic reach and density of the banking system, which can impact access to credit, savings, and other financial products for businesses and consumers.
Methodology
The data is collected through surveys of financial institutions and reported by the World Bank's Global Financial Development Database.
Historical Context
Policymakers and analysts use this trend to assess the development and inclusiveness of Austria's financial sector.
Key Facts
- Austria had 4,475 bank branches as of the latest data.
- The number of bank branches in Austria has declined by 7% over the past decade.
- Austria has one of the highest bank branch densities in Europe, with 49 branches per 100,000 adults.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Austria' trend measures the total count of commercial bank branches operating within the country of Austria.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the accessibility and geographic distribution of banking services in Austria, which is an important factor for financial inclusion and the development of the overall banking sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions and reported by the World Bank's Global Financial Development Database.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the development and inclusiveness of Austria's financial sector and inform decisions related to banking infrastructure and regulation.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in the number of bank branches in Austria.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Austria (DDAI02ATA643NWDB), retrieved from FRED.