Number of Bank Branches for Luxembourg
DDAI02LUA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.00
Year-over-Year Change
-37.62%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Branches for Luxembourg' measures the total number of bank branches operating in Luxembourg. This metric is important for understanding the infrastructure and accessibility of the financial sector within 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
This series represents the total count of physical bank branch locations in Luxembourg. It is a key indicator of the level of banking services and financial inclusion available to consumers and businesses in the country.
Methodology
The data is collected by the World Bank through surveys and reports from national banking regulators.
Historical Context
Policymakers and analysts use this metric to assess the development and competition within Luxembourg's banking industry.
Key Facts
- Luxembourg has one of the highest bank branch densities in Europe.
- The number of bank branches has declined in recent years due to industry consolidation.
- Bank branches play a crucial role in providing financial access for Luxembourg's residents and businesses.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Luxembourg' metric tracks the total count of physical bank branch locations operating within the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the development and accessibility of financial services in Luxembourg, which is a key factor for economic growth and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and reports from Luxembourg's national banking regulators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the competition, accessibility, and overall development of Luxembourg's banking industry.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be lags or revisions in the reporting from national sources.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Luxembourg (DDAI02LUA643NWDB), retrieved from FRED.