Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Portugal
PRTFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.20
Year-over-Year Change
-53.50%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 1,000 square kilometers in Portugal. It is an important indicator of financial inclusion and access to banking services across 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 Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Portugal series tracks the density of commercial bank branches in the country. This metric reflects the accessibility and coverage of the banking network, which is crucial for supporting economic development and household financial well-being.
Methodology
The data is collected and reported by the Bank of Portugal.
Historical Context
Policymakers and financial analysts use this indicator to assess the state of financial infrastructure and identify areas that may require improved banking access.
Key Facts
- Portugal had 7.71 commercial bank branches per 1,000 sq km in 2021.
- Bank branch density has declined in Portugal over the past decade.
- Access to banking services varies significantly across different regions of Portugal.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in Portugal, which reflects the geographical outreach and accessibility of the banking network.
Q: Why is this trend relevant for users or analysts?
A: The commercial bank branch density is an important indicator of financial inclusion and access to banking services, which are crucial for supporting economic development and household financial well-being.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Portugal.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this indicator to assess the state of financial infrastructure and identify areas that may require improved banking access.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bank of Portugal, but there may be some delays in reporting or limitations in geographic coverage.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Portugal (PRTFCBODCKNUM), retrieved from FRED.