Geographical Outreach: Number of Commercial Banks for Hungary
HUNFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.00
Year-over-Year Change
-22.73%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the number of commercial banks operating in Hungary, providing insight into the geographical reach and access to banking services in the country.
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 number of commercial banks is an important indicator of financial market development and the availability of banking services for individuals and businesses. This data can help analyze trends in banking sector consolidation, competition, and accessibility across different regions.
Methodology
The data is collected by the Hungarian National Bank through its monitoring of the commercial banking sector.
Historical Context
Policymakers and market analysts use this data to assess the state of financial inclusion and the competitiveness of the Hungarian banking industry.
Key Facts
- Hungary had 47 commercial banks as of the latest data point.
- The number of commercial banks in Hungary has declined by 16% over the past decade.
- Access to banking services remains a challenge in some rural regions of Hungary.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial banks operating in Hungary, providing insight into the geographical reach and accessibility of banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks is an important indicator of financial market development and competition, which can impact access to banking services for individuals and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the Hungarian National Bank through its monitoring of the commercial banking sector.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to assess the state of financial inclusion and the competitiveness of the Hungarian banking industry.
Q: Are there update delays or limitations?
A: The data is published regularly by the Hungarian National Bank, but there may be some delays in reporting.
Related Trends
Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Hungary
HUNCP020000GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Hungary
HUNCP080000GYM
Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Hungary
HUNCPHPLA01GPM
National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Hungary
HUNPFCEQDSMEI
Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Hungary
HUNCPHP1200IXEBM
Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Hungary
BSCICP03HUM665S
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Hungary (HUNFCIODCNUM), retrieved from FRED.