Geographical Outreach: Number of Commercial Banks for Estonia
ESTFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
-12.50%
Date Range
1/1/2004 - 1/1/2024
Summary
The 'Geographical Outreach: Number of Commercial Banks for Estonia' series tracks the total number of commercial banks operating within the Estonian market, providing insights into the structure and accessibility of the country's 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 metric represents the count of active commercial banking institutions with a physical presence in Estonia. It serves as an indicator of the geographic distribution and breadth of financial services available to consumers and businesses within the country.
Methodology
The data is collected and reported by the Central Bank of Estonia.
Historical Context
This trend is closely monitored by policymakers, regulators, and economists to assess the financial health and competitiveness of Estonia's banking industry.
Key Facts
- Estonia had 15 commercial banks as of the latest data point.
- The number of commercial banks in Estonia has declined by 25% over the past decade.
- The concentration of commercial banking assets in Estonia's top 3 banks is over 90%.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of commercial banks operating within the Estonian market, providing insights into the geographic distribution and accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks is a key indicator of the competitiveness and health of Estonia's banking industry, which is crucial for supporting economic growth and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Estonia.
Q: How is this trend used in economic policy?
A: Policymakers and regulators monitor this trend to assess the structure and accessibility of Estonia's banking sector, informing decisions related to financial stability, competition, and consumer protection.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Central Bank of Estonia, with typical update delays of 1-2 quarters.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Estonia (ESTFCIODCNUM), retrieved from FRED.