Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Hungary
HUNFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,251.00
Year-over-Year Change
-5.08%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of commercial bank branches, excluding headquarters, in Hungary. It provides insights into the geographical outreach and accessibility of the country's 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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Hungary metric tracks the total number of commercial bank branch locations across the country, excluding the central headquarters. This data point is used by economists and policymakers to analyze the breadth of banking services and financial inclusion.
Methodology
The data is collected and reported by the National Bank of Hungary.
Historical Context
This trend is relevant for understanding the development and accessibility of Hungary's banking infrastructure and its impact on the broader economy.
Key Facts
- The number of commercial bank branches in Hungary has steadily increased over the past decade.
- Hungary's banking sector is concentrated in urban areas, with lower branch density in rural regions.
- The expansion of bank branches is seen as a key driver of financial inclusion and economic development in Hungary.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial bank branch locations in Hungary, excluding the central headquarters.
Q: Why is this trend relevant for users or analysts?
A: This data point is used by economists and policymakers to assess the geographical outreach and accessibility of banking services, which is crucial for understanding financial inclusion and economic development in Hungary.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Hungary.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the expansion of the banking infrastructure and its impact on financial inclusion and economic growth in Hungary.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the National Bank of Hungary, with minimal update delays.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Hungary (HUNFCBODCNUM), retrieved from FRED.