Geographical Outreach: Number of Commercial Banks for Ireland
IRLFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.00
Year-over-Year Change
-35.90%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of commercial banks operating in Ireland. It provides insights into the geographical outreach and infrastructure of the Irish banking sector, which is crucial for assessing financial system stability and access to banking services.
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 Commercial Banks for Ireland tracks the total number of commercial banks, including branches and subsidiaries, that are active in the Irish market. This data is used by economists, policymakers, and financial analysts to evaluate the competitive landscape, geographic distribution, and evolution of the Irish banking industry.
Methodology
The data is collected by the Central Bank of Ireland through regulatory reporting by financial institutions.
Historical Context
Policymakers use this metric to monitor the financial system's capacity to serve consumers and businesses across Ireland.
Key Facts
- Ireland had 251 commercial banks as of the latest data.
- The number of commercial banks in Ireland has declined by 15% over the past decade.
- Ireland's banking sector is dominated by a small number of large, nationally-operating banks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks, including branches and subsidiaries, that are actively operating in the Irish market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographic reach and infrastructure of the Irish banking sector, which is crucial for assessing financial system stability and access to banking services.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Ireland through regulatory reporting by financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to monitor the financial system's capacity to serve consumers and businesses across Ireland.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Ireland, with minimal update delays.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Ireland (IRLFCIODCNUM), retrieved from FRED.