Geographical Outreach: Number of Commercial Banks for Iran
IRNFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.00
Year-over-Year Change
150.00%
Date Range
1/1/2004 - 1/1/2018
Summary
The 'Geographical Outreach: Number of Commercial Banks for Iran' trend measures the total number of commercial banks operating within Iran. This metric is important for economists and policymakers to assess the development and accessibility of the Iranian banking system.
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 tracks the total count of commercial banks physically located and operating within the geographic borders of Iran. It provides insight into the overall size, coverage, and accessibility of the Iranian banking sector, which is a key component of the country's financial infrastructure.
Methodology
The data is collected by the Central Bank of Iran through surveys and administrative records of licensed banking institutions.
Historical Context
Policymakers and analysts use this metric to evaluate financial inclusion, competition, and the overall depth of Iran's banking system.
Key Facts
- Iran had 34 commercial banks as of 2021.
- The number of banks has remained relatively stable over the past decade.
- Bank branches provide crucial access to financial services for Iranian households and businesses.
FAQs
Q: What does this economic trend measure?
A: The 'Geographical Outreach: Number of Commercial Banks for Iran' metric tracks the total count of licensed commercial banks operating within the geographic borders of Iran.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the size, coverage, and accessibility of Iran's banking system, which is a key component of the country's financial infrastructure and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Iran through surveys and administrative records of licensed banking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate financial inclusion, competition, and the overall depth of Iran's banking system.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or updates, and the metric does not capture qualitative aspects of the banking sector.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Iran (IRNFCIODCNUM), retrieved from FRED.