Number of Bank Branches for Czech Republic
DDAI02CZA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.30
Year-over-Year Change
-19.79%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Branches for Czech Republic' trend tracks the total number of bank branches operating within the Czech Republic. This metric is a key indicator of the development and accessibility of the country's banking infrastructure.
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 data series represents the total number of physical bank branches, including both commercial banks and specialized financial institutions, located within the Czech Republic. It provides insight into the scale and geographic distribution of the nation's banking network, which is important for understanding financial inclusion and the availability of banking services.
Methodology
The data is collected and reported by the World Bank using information gathered from national central banking authorities.
Historical Context
Policymakers and analysts use this trend to assess the growth and evolution of the Czech banking system and its ability to serve the financial needs of individuals and businesses across the country.
Key Facts
- The number of bank branches in the Czech Republic grew from 1,957 in 2004 to 2,193 in 2020.
- The Czech Republic has one of the highest bank branch densities in the European Union.
- Over 90% of the Czech population lives within 5 kilometers of a bank branch.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Czech Republic' trend tracks the total number of physical bank branches, including commercial banks and specialized financial institutions, located within the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the scale and accessibility of the Czech banking system, which is an important indicator of financial inclusion and the availability of banking services for individuals and businesses across the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank using information gathered from national central banking authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the growth and evolution of the Czech banking system and its ability to serve the financial needs of the population.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delay in the most recent figures being available.
Related Trends
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Business Tendency Surveys: Order Books: Economic Activity: Construction: Current for Czechia
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Citation
U.S. Federal Reserve, Number of Bank Branches for Czech Republic (DDAI02CZA643NWDB), retrieved from FRED.