Geographical Outreach: Number of Commercial Banks for Denmark
DNKFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.00
Year-over-Year Change
-43.43%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of commercial banks operating in Denmark, providing insight into the country's financial sector landscape.
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
The Geographical Outreach: Number of Commercial Banks for Denmark metric tracks the total count of active commercial banks within the Danish economy. This data point is used by economists and policymakers to analyze the structure and competitiveness of Denmark's banking industry.
Methodology
The data is collected and published by the U.S. Federal Reserve.
Historical Context
This trend is relevant for understanding the accessibility and diversity of financial services available to Danish consumers and businesses.
Key Facts
- Denmark had 79 commercial banks as of the latest data.
- The number of commercial banks in Denmark has declined over the past decade.
- Denmark's banking sector is among the most concentrated in Europe.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks operating within the Danish economy.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the structure and competitiveness of Denmark's banking industry, which is important for understanding financial sector development and access to banking services.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze the financial sector landscape and inform decisions around banking regulations and competition policy.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric does not capture non-commercial banking institutions or informal financial services.
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Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Denmark
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Denmark (DNKFCIODCNUM), retrieved from FRED.