Number of Bank Branches for Bulgaria
DDAI02BGA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.25
Year-over-Year Change
-34.75%
Date Range
1/1/2004 - 1/1/2020
Summary
The Number of Bank Branches for Bulgaria measures the total number of commercial bank branches operating within the country. This indicator provides insights into the accessibility and coverage of the banking system, which is relevant for economic development and financial inclusion.
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
This series tracks the total number of physical commercial bank branch locations in Bulgaria. The number of bank branches is an important metric for assessing the breadth of financial services available to households and businesses within the country.
Methodology
The data is collected and reported by the World Bank based on information provided by national banking regulators.
Historical Context
Policy makers and analysts use this metric to evaluate the expansion and penetration of the Bulgarian banking sector.
Key Facts
- Bulgaria had 1,686 bank branches as of 2020.
- Bank branch density in Bulgaria was 24.3 per 100,000 adults in 2020.
- The number of bank branches in Bulgaria has declined by 17% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Number of Bank Branches for Bulgaria metric tracks the total number of physical commercial bank branch locations operating within the country.
Q: Why is this trend relevant for users or analysts?
A: The number of bank branches is an important indicator of the accessibility and penetration of financial services, which is relevant for assessing economic development and financial inclusion in Bulgaria.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information provided by national banking regulators in Bulgaria.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the expansion and reach of the Bulgarian banking sector, which informs decisions related to financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current state of the banking network.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Bulgaria (DDAI02BGA643NWDB), retrieved from FRED.