Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Russian Federation
RUSFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.64
Year-over-Year Change
-41.21%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 100,000 adults in the Russian Federation. It provides insight into the accessibility and geographic distribution of banking services, which is important for evaluating financial inclusion and economic development.
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 100,000 Adults for Russian Federation data series tracks the density of commercial bank branches relative to the adult population. This metric is used by economists and policymakers to assess the availability and penetration of banking infrastructure across the country.
Methodology
The data is collected and reported by the World Bank, based on information provided by the Central Bank of Russia.
Historical Context
Trends in bank branch density are relevant for monitoring financial sector development and access to banking services.
Key Facts
- Russia had 31.53 commercial bank branches per 100,000 adults in 2020.
- Bank branch density has declined by 10% in Russia since 2010.
- Access to banking services varies significantly across Russia's regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in the Russian Federation. It provides insight into the geographic accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: The density of bank branches is an important indicator of financial inclusion and economic development, as it reflects the availability and penetration of banking infrastructure across the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank, based on information provided by the Central Bank of Russia.
Q: How is this trend used in economic policy?
A: Trends in bank branch density are relevant for monitoring financial sector development and access to banking services, which are important considerations for economic policymakers.
Q: Are there update delays or limitations?
A: The data is reported annually, with a potential delay of 1-2 years. The metric may not capture all informal or non-traditional banking access points.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Russian Federation (RUSFCBODCANUM), retrieved from FRED.