Geographical Outreach: Number of Commercial Banks for Romania
ROUFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.00
Year-over-Year Change
-23.33%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of commercial banks operating in Romania. It is an important indicator of the financial sector's development and the availability of banking services for businesses and consumers.
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 Romania represents the total count of commercial banks with physical branches or offices located within the country. This data is used by economists and policymakers to assess the financial infrastructure and accessibility of banking services.
Methodology
The data is collected by the National Bank of Romania and published through the Federal Reserve Economic Data (FRED) database.
Historical Context
This trend is relevant for understanding the growth and stability of Romania's banking industry and its ability to support economic activity.
Key Facts
- Romania had 34 commercial banks as of the latest data point.
- The number of banks has decreased by 6% over the past 5 years.
- Bank density is highest in urban areas, with fewer branches in rural regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks operating with physical locations in Romania.
Q: Why is this trend relevant for users or analysts?
A: This data is important for assessing the development and accessibility of the Romanian banking sector, which is crucial for supporting economic growth and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Romania and published through the Federal Reserve Economic Data (FRED) database.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the financial infrastructure and monitor changes in the banking industry, which can inform decisions on financial regulation and development initiatives.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, typically a few months after the end of the reporting period. There may also be revisions to historical data.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Romania (ROUFCIODCNUM), retrieved from FRED.