Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Estonia
ESTFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.00
Year-over-Year Change
-64.42%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of branch locations, excluding headquarters, for commercial banks in Estonia. It provides insight into the geographical footprint and accessibility of the Estonian banking system.
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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Estonia metric tracks the total count of physical branch locations operated by commercial banks across the country, excluding their central headquarters. This data point is useful for analyzing the distribution and density of banking services available to consumers and businesses.
Methodology
The data is collected and reported by the Central Bank of Estonia.
Historical Context
Policymakers and analysts use this trend to evaluate the banking sector's presence and reach within the Estonian market.
Key Facts
- Estonia has a population of 1.3 million people.
- The number of bank branches in Estonia peaked at 497 in 2011.
- The number of bank branches has declined in recent years due to branch consolidation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of branch locations, excluding headquarters, operated by commercial banks in Estonia.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the geographical coverage and accessibility of banking services for consumers and businesses in Estonia.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Estonia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the distribution and density of the banking sector's physical presence within the Estonian market.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, and the number of bank branches may fluctuate due to ongoing consolidation in the sector.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Estonia (ESTFCBODCNUM), retrieved from FRED.