Number of Bank Branches for Norway
DDAI02NOA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.50
Year-over-Year Change
-54.46%
Date Range
1/1/2005 - 1/1/2017
Summary
The 'Number of Bank Branches for Norway' trend tracks the total number of bank branches operating in Norway. This data point is important for analyzing the accessibility and density of banking services within the Norwegian economy.
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 represents the total count of physical bank branch locations across Norway. It provides insight into the availability and distribution of retail banking infrastructure, which is a key factor in financial inclusion and the ease of accessing financial services for both businesses and consumers.
Methodology
The data is collected by the World Bank through surveys and administrative records from national central banking authorities.
Historical Context
Policymakers and financial sector analysts use this metric to assess the development and geographic coverage of the Norwegian banking system.
Key Facts
- Norway had 1,342 bank branches as of the latest data.
- Bank branch density in Norway is 26 per 100,000 adults.
- The number of bank branches in Norway has declined by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Norway' indicator tracks the total count of physical bank branch locations operating within Norway.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the accessibility and geographic coverage of retail banking services, which is an important factor for financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and administrative records from Norway's central banking authorities.
Q: How is this trend used in economic policy?
A: Policymakers and financial sector analysts use this indicator to assess the development and distribution of Norway's banking infrastructure.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
Related Trends
Harmonized Index of Consumer Prices: Sugar, Jam, Honey, Chocolate and Confectionery for Norway
CP0118NOM086NEST
National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Norway
NORGDPNADSMEI
Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Norway
MANMM101NOM189S
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Norway
LRAC24TTNOQ156S
Inflation, consumer prices for Norway
FPCPITOTLZGNOR
Production: Industry: Total Industry Excluding Construction for Norway
NORPRINTO01GPSAM
Citation
U.S. Federal Reserve, Number of Bank Branches for Norway (DDAI02NOA643NWDB), retrieved from FRED.