Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Russian Federation
RUSFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.57
Year-over-Year Change
-42.42%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 1,000 square kilometers in the Russian Federation. It provides insights into the geographical coverage and accessibility of banking services across 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 Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Russian Federation metric tracks the density of bank branch networks as an indicator of financial inclusion and economic development. Policymakers and analysts use this data to assess the reach and distribution of banking infrastructure.
Methodology
The data is collected by the Central Bank of Russia and published through the Federal Reserve Economic Data (FRED) portal.
Historical Context
This trend is relevant for understanding the spatial distribution of financial services and evaluating policies aimed at improving access to banking in Russia.
Key Facts
- Russia has over 30,000 commercial bank branches nationwide.
- The branch density varies significantly across Russia's vast territory.
- Improving banking access is a key policy goal for economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in the Russian Federation. It provides insights into the geographical coverage and accessibility of banking services across the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding the spatial distribution of financial services and evaluating policies aimed at improving access to banking in Russia.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Russia and published through the Federal Reserve Economic Data (FRED) portal.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the reach and distribution of banking infrastructure, which is a key factor in promoting financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Russia, but there may be occasional delays or limitations in coverage that users should be aware of.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Russian Federation (RUSFCBODCKNUM), retrieved from FRED.