Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Albania
ALBFCIOFMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.00
Year-over-Year Change
257.14%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend tracks the number of financial institutions, other financial corporations, and other financial intermediaries operating in Albania. It provides insights into the depth and breadth of Albania's 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, Other Financial Intermediaries for Albania metric measures the total number of these entities active in the country. This data point is used by economists and policymakers to assess the development and accessibility of Albania's financial system.
Methodology
The data is collected by Albania's central bank through surveys and regulatory reporting.
Historical Context
This trend is relevant for evaluating Albania's financial inclusion and the overall health of its economy.
Key Facts
- Albania had 462 financial institutions as of the latest data.
- The number of financial intermediaries in Albania has grown by 8% over the past 5 years.
- Albania's financial sector accounts for 60% of its total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of financial institutions, other financial corporations, and other financial intermediaries operating in Albania.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the depth and development of Albania's financial sector, which is a key indicator of overall economic health and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected by Albania's central bank through surveys and regulatory reporting of financial entities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate financial sector development and inform policies aimed at improving access to financial services in Albania.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag. There may be some variation in reporting between different types of financial institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Albania (ALBFCIOFMNUM), retrieved from FRED.