Number of Bank Branches for Portugal
DDAI02PTA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.71
Year-over-Year Change
-53.31%
Date Range
1/1/2004 - 1/1/2021
Summary
The 'Number of Bank Branches for Portugal' metric tracks the total number of commercial bank branches operating within Portugal. This indicator provides insight into the accessibility and geographic 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 for Portugal' data series measures the total number of brick-and-mortar bank branches operated by commercial banks in Portugal. This metric is used by economists and policymakers to assess the financial inclusion and accessibility of banking services for Portuguese citizens and businesses.
Methodology
The data is collected by the World Bank through surveys of national financial regulators and central banks.
Historical Context
Trends in bank branch density are relevant for evaluating financial development, competition, and policies aimed at expanding access to banking services.
Key Facts
- Portugal had 5,291 bank branches as of 2020.
- Bank branch density in Portugal was 51.4 per 100,000 adults in 2020.
- Portugal's bank branch network has contracted by over 30% since 2010.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Portugal' metric tracks the total number of commercial bank branches operating within the country. It provides insight into the accessibility and geographic distribution of banking services.
Q: Why is this trend relevant for users or analysts?
A: Trends in bank branch density are important for evaluating financial inclusion, competition, and policies aimed at expanding access to banking services for citizens and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of national financial regulators and central banks.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the development of Portugal's financial system and the accessibility of banking services, which informs policies related to financial inclusion and competition.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
Related Trends
Labor Compensation: Earnings: Manufacturing: Hourly for Portugal
LCEAMN01PTQ657S
Infra-Annual Labor Statistics: Working-Age Population Male: From 25 to 54 Years for Portugal
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Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Portugal
LFIN55TTPTA647S
Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Portugal
DDDI12PTA156NWDB
Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 74 Years for Portugal
LRAC74FEPTQ156S
Amount Outstanding of International Debt Securities for Issuers in Non-Financial Corporations (Corporate Issuers), All Maturities, Residence of Issuer in Portugal
IDSNFAMRIAOPT
Citation
U.S. Federal Reserve, Number of Bank Branches for Portugal (DDAI02PTA643NWDB), retrieved from FRED.