Number of Bank Branches for Australia
DDAI02AUA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.43
Year-over-Year Change
-19.44%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Branches for Australia' trend measures the total number of bank branches operating in Australia. This metric is closely watched by economists and policymakers as an indicator of the accessibility and health 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
This series tracks the total count of physical bank branch locations in Australia. It provides insight into the banking infrastructure and distribution of services across the country. The number of branches can reflect factors like market competition, consolidation, and evolving consumer banking habits.
Methodology
The data is collected and published by the World Bank based on reports from national regulatory and statistical agencies.
Historical Context
Policymakers use this trend to evaluate the banking system's reach and adapt regulations or programs to ensure adequate financial access for households and businesses.
Key Facts
- Australia had over 5,600 bank branches as of the latest data.
- Branch numbers have declined by 12% in the past decade.
- Rural areas have seen a sharper drop in branch access than urban centers.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Australia' trend tracks the total count of physical bank branch locations operating in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the accessibility and distribution of banking services, which is important for evaluating the health and competitiveness of the financial sector.
Q: How is this data collected or calculated?
A: The data is collected and published by the World Bank based on reports from national regulatory and statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to assess the banking system's reach and adapt regulations or programs to ensure adequate financial access for households and businesses.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the series only covers commercial bank branches, excluding other financial service locations.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Australia
AUSCPIENGQINMEI
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Australia
AUSFCLODCHXDC
Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for Australia
BSCICP02AUQ460S
Consumer Price Index for Australia
DDOE02AUA086NWDB
Consumer Price Index: Communication (COICOP 08): Total for Australia
AUSCP080000IXNBQ
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Australia
LRAC25TTAUM156S
Citation
U.S. Federal Reserve, Number of Bank Branches for Australia (DDAI02AUA643NWDB), retrieved from FRED.