Number of Bank Branches for Hungary
DDAI02HUA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.36
Year-over-Year Change
29.83%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Branches for Hungary' trend tracks the total number of bank branches operating in Hungary over time. This metric is a key indicator of banking sector development and financial inclusion within the Hungarian economy.
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 represents the total number of physical bank branches in Hungary, including branches of both domestic and foreign banks. It provides insight into the distribution and accessibility of banking services for individuals and businesses across the country.
Methodology
The data is collected by the World Bank through surveys of national banking regulators and financial authorities.
Historical Context
Policymakers and analysts use this trend to evaluate financial sector deepening and monitor progress towards goals for inclusive banking access.
Key Facts
- Hungary had over 3,800 bank branches as of the latest data.
- Bank branch density in Hungary is around 39 per 100,000 adults.
- Branch numbers in Hungary have declined by 10% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of physical bank branches operating in Hungary, providing insight into the distribution and accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: The number of bank branches is a key indicator of financial sector development and financial inclusion, which are important for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of national banking regulators and financial authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate financial sector deepening and monitor progress towards goals for inclusive banking access.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Hungary (DDAI02HUA643NWDB), retrieved from FRED.