Percentage of Foreign Banks Among Total Banks for Austria
DDOI13ATA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
57.14%
Date Range
1/1/1995 - 1/1/2013
Summary
This economic trend measures the percentage of foreign-owned banks among the total number of banks in Austria. It provides insights into the level of foreign bank participation in the Austrian 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
The percentage of foreign banks among total banks in Austria is an important indicator of the openness and integration of the country's financial system. It reflects the degree of foreign investment and participation in the domestic banking market.
Methodology
The data is collected and calculated by the World Bank based on official national sources.
Historical Context
This trend is relevant for analyzing the competitiveness and internationalization of the Austrian banking industry.
Key Facts
- Austria had over 800 banks as of 2020.
- Foreign banks account for around 15% of total banks in Austria.
- Austria has one of the highest shares of foreign bank participation in the EU.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of foreign-owned banks among the total number of banks operating in Austria.
Q: Why is this trend relevant for users or analysts?
A: The percentage of foreign banks is an important indicator of the openness and competitiveness of Austria's banking sector, which is relevant for investors, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official national sources.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators to monitor the level of foreign participation in the Austrian banking industry and assess the financial system's integration with global markets.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, so there may be a delay of up to a year in the most recent figures.
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Citation
U.S. Federal Reserve, Percentage of Foreign Banks Among Total Banks for Austria (DDOI13ATA156NWDB), retrieved from FRED.