Number of Bank Branches for Islamic Republic of Iran
DDAI02IRA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.09
Year-over-Year Change
11.14%
Date Range
1/1/2004 - 1/1/2018
Summary
The 'Number of Bank Branches for Islamic Republic of Iran' trend measures the total number of bank branches operating within Iran. This metric is a key indicator of financial access and banking sector development.
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 bank branches in Iran, including both commercial and specialized banking institutions. It provides insight into the availability and geographic distribution of banking services for individuals and businesses across the country.
Methodology
The data is collected and reported annually by the World Bank.
Historical Context
Policymakers and analysts use this trend to assess the growth and penetration of the Iranian financial system.
Key Facts
- Iran had over 23,000 bank branches as of the latest data.
- Branch numbers have grown by over 50% since 2005.
- The banking sector is largely state-controlled in Iran.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Islamic Republic of Iran' trend tracks the total count of bank branches operating within Iran, providing insight into financial access and banking sector development.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the growth and geographic penetration of banking services in Iran, which is a key factor in financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the expansion of the Iranian financial system and identify areas for improving banking access and services.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a 1-year delay in the latest available figures.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Islamic Republic of Iran (DDAI02IRA643NWDB), retrieved from FRED.