Number of Bank Branches for Canada
DDAI02CAA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.69
Year-over-Year Change
-14.48%
Date Range
1/1/2006 - 1/1/2021
Summary
The 'Number of Bank Branches for Canada' trend measures the total number of bank branches operating within Canada. This statistic is important for analyzing the accessibility and geographic distribution of banking services in 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
This economic indicator tracks the total number of physical bank branches across Canada. It provides insights into the banking infrastructure and can be used to assess changes in the consolidation or expansion of the financial services sector.
Methodology
The data is collected and reported by the World Bank, based on surveys and regulatory filings from financial institutions.
Historical Context
Policymakers and economists monitor this trend to understand the evolution of the banking industry and its implications for financial inclusion and competition.
Key Facts
- Canada had over 6,000 bank branches as of the latest data.
- Bank branch numbers have declined by around 10% in the past decade.
- Rural areas typically have lower bank branch density than urban centers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of physical bank branches operating within the country of Canada.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the accessibility and geographic distribution of banking services, which is relevant for understanding financial inclusion and competition in the sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank, based on surveys and regulatory filings from financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess changes in the banking industry and its implications for financial services accessibility and competition.
Q: Are there update delays or limitations?
A: The data may have some delays in reporting, as it relies on regulatory filings and surveys from financial institutions.
Related Trends
Import Price Index by Origin (NAICS): Manufacturing, Part 2 for Canada
COCANZ32
Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for Canada
LFUN64TTCAM647S
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Canada
LRAC24TTCAM156S
Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Canada
LRUN55TTCAM156S
Leading Indicators OECD: Component Series: Business Tendencies Survey: Business Situation: Original Series for Canada
CANLOCOBSORSTSAM
Import Price Index by Origin (NAICS): Pulp, Paper, and Paperboard Mills for Canada
COCANZ3221
Citation
U.S. Federal Reserve, Number of Bank Branches for Canada (DDAI02CAA643NWDB), retrieved from FRED.