Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Albania
ALBFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
18.18%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the number of financial institutions, insurance corporations, and other financial corporations in Albania. It provides insights into the breadth and depth of the Albanian financial 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
The Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Albania metric tracks the total number of these entities operating in the country. It is a key indicator of financial market development and access to financial services.
Methodology
The data is collected by the Bank of Albania through surveys and regulatory reporting.
Historical Context
This trend is used by policymakers and analysts to assess the growth and structure of Albania's financial system.
Key Facts
- Albania had 305 financial institutions as of the latest data.
- The number of other financial corporations in Albania was 58.
- There were 18 insurance corporations operating in Albania.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, insurance corporations, and other financial corporations operating in Albania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the breadth and depth of Albania's financial sector, which is important for assessing financial market development and access to financial services.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Albania through surveys and regulatory reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the growth and structure of Albania's financial system.
Q: Are there update delays or limitations?
A: The data is published with a delay, and the coverage may not include all financial entities in Albania.
Related Trends
Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Albania
ALBFCSMMFXDC
Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Albania
ALBFCSODDXDC
Bank Lending Deposit Spread for Albania
DDEI02ALA156NWDB
Value of Exports to Albania from Washington
WAALBA052SCEN
Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Albania
ALBFCLOFILPXDC
Remittance Inflows to GDP for Albania
DDOI11ALA156NWDB
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Albania (ALBFCIOFINUM), retrieved from FRED.