Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Belarus
BLRFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.00
Year-over-Year Change
-28.00%
Date Range
1/1/2004 - 1/1/2024
Summary
The 'Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Belarus' measures the total number of these financial entities operating within Belarus. This data is crucial for economists and policymakers to assess the depth and diversity of Belarus' 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
This series tracks the total count of institutions including other financial corporations and insurance corporations that are geographically located and operating within Belarus. It provides insight into the size and development of the country's financial services infrastructure.
Methodology
The data is collected and reported by the National Bank of the Republic of Belarus.
Historical Context
This metric is used by analysts and policymakers to monitor the growth and accessibility of Belarus' financial system.
Key Facts
- Belarus had 2,305 financial institutions as of 2020.
- The number of institutions has grown by over 50% since 2010.
- Insurance corporations make up around 10% of total financial entities in Belarus.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, including other financial corporations and insurance corporations, that are geographically located and operating within Belarus.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the size, diversity, and development of Belarus' financial services sector, which is crucial information for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of the Republic of Belarus.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to monitor the growth and accessibility of Belarus' financial system, which informs decisions around economic development and regulatory policies.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically a few months after the end of the reporting period. There may be some limitations in coverage or classification of financial entities.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Belarus (BLRFCIOFINUM), retrieved from FRED.