Number of Bank Branches for Denmark
DDAI02DKA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.66
Year-over-Year Change
-63.01%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Branches for Denmark' trend measures the total number of bank branches operating in Denmark. This metric is crucial for understanding the accessibility and evolution of the Danish banking sector.
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 physical infrastructure of Denmark's banking system, providing insight into the consolidation or expansion of branch networks over time. It is used by economists, regulators, and investors to analyze financial inclusion and the competitive landscape of the Danish banking industry.
Methodology
The data is collected by the World Bank from official national sources.
Historical Context
Trends in bank branch counts can signal shifts in financial service accessibility and the competitive dynamics within the Danish banking market.
Key Facts
- Denmark had 1,789 bank branches as of the latest data point.
- The number of bank branches in Denmark has declined by 18% since 2010.
- Denmark has one of the highest bank branch densities in Europe.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Denmark' trend tracks the total number of physical bank branch locations operating in Denmark.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the accessibility and competitiveness of Denmark's banking sector, which is important for understanding financial inclusion and market dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from official national sources in Denmark.
Q: How is this trend used in economic policy?
A: Trends in bank branch counts are monitored by policymakers, regulators, and analysts to assess the evolution of Denmark's financial services infrastructure and accessibility.
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 Danish banking sector.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Denmark (DDAI02DKA643NWDB), retrieved from FRED.