Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Belize
BLZFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
-15.38%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of financial institutions, insurance corporations, and other financial corporations operating in Belize. It provides insights into the depth and diversification of Belize'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, Insurance Corporations for Belize series tracks the total number of these organizations active in the Belizean economy. This data helps analysts and policymakers assess the level of financial inclusion and intermediation in the country.
Methodology
The data is collected and reported by the Central Bank of Belize.
Historical Context
This trend is used to evaluate the development and competitiveness of Belize's financial services industry.
Key Facts
- Belize has over 40 registered financial institutions.
- The insurance sector in Belize includes both domestic and international providers.
- Financial services account for over 10% of Belize's GDP.
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 Belize.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the depth and diversification of Belize's financial sector, which is important for evaluating economic development and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Belize.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess the competitiveness and development of Belize's financial services industry.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the series does not provide a breakdown of the different types of financial institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Belize (BLZFCIOFINUM), retrieved from FRED.