Number of Bank Branches for Ireland
DDAI02IEA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.20
Year-over-Year Change
-42.71%
Date Range
1/1/2004 - 1/1/2020
Summary
The Number of Bank Branches for Ireland is an important metric that tracks the physical presence of financial institutions across the country. This data provides insights into the accessibility and coverage of banking services for Irish consumers and businesses.
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 measures the total number of bank branches operating in Ireland. It serves as a proxy for the geographic distribution and density of banking infrastructure, which is a key factor in financial inclusion and economic development.
Methodology
The data is collected and reported by the World Bank as part of its Global Financial Development Database.
Historical Context
Policymakers and analysts use this metric to assess the state of Ireland's financial system and identify areas that may need improved access to banking services.
Key Facts
- Ireland had 1,077 bank branches as of 2020.
- The number of bank branches in Ireland has declined by 23% since 2010.
- Rural areas of Ireland have significantly fewer bank branches per capita than urban centers.
FAQs
Q: What does this economic trend measure?
A: The Number of Bank Branches for Ireland metric tracks the total physical banking locations operating in the country. It serves as an indicator of the accessibility and geographic coverage of financial services.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the state of Ireland's financial infrastructure and identifying areas that may need improved access to banking services for consumers and businesses.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Global Financial Development Database.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the financial inclusion and development of Ireland's economy, and to inform decisions around improving access to banking services.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, so there may be a 1-year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Ireland (DDAI02IEA643NWDB), retrieved from FRED.