Number of Bank Branches for Russian Federation
DDAI02RUA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.59
Year-over-Year Change
-30.87%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Branches for Russian Federation' metric tracks the total number of bank branches operating in Russia. This measure provides insight into the accessibility and coverage 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 economic indicator represents the total number of physical bank branch locations in the Russian Federation. It is used to assess the geographic distribution and evolution of banking services availability for consumers and businesses.
Methodology
The data is collected by the World Bank through surveys of national financial regulators.
Historical Context
Trends in bank branch counts can inform policymakers about financial inclusion and the development of the banking sector.
Key Facts
- Russia had over 35,000 bank branches as of the latest data.
- Bank branch counts in Russia have declined by over 15% since 2014.
- The number of bank branches per 100,000 adults in Russia is below the global average.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Russian Federation' metric tracks the total count of physical bank branch locations operating in Russia.
Q: Why is this trend relevant for users or analysts?
A: Tracking the evolution of bank branch counts provides insight into the accessibility and coverage of financial services for consumers and businesses in Russia.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of national financial regulators in Russia.
Q: How is this trend used in economic policy?
A: Trends in bank branch counts can inform policymakers about financial inclusion and the development of the Russian banking sector.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Russian Federation (DDAI02RUA643NWDB), retrieved from FRED.