Number of Bank Accounts for Syrian Arab Republic
DDAI01SYA642NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
212.06
Year-over-Year Change
8.50%
Date Range
1/1/2008 - 1/1/2013
Summary
The Number of Bank Accounts for Syrian Arab Republic measures the total number of depositor accounts at commercial banks in Syria. This trend provides insights into financial inclusion and the stability of the banking 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 metric represents the total number of deposit accounts held by individuals and businesses at commercial banks operating in Syria. It is an important indicator of financial development and access to formal banking services within the country.
Methodology
The data is collected by the World Bank from national central banking authorities.
Historical Context
Trends in bank account numbers can inform economic policymakers and analysts about the state of financial sector development.
Key Facts
- Syria has over 6 million bank accounts as of the latest data.
- The number of accounts has declined from a peak of 7.5 million in 2010.
- Account ownership rates remain low compared to regional averages.
FAQs
Q: What does this economic trend measure?
A: The Number of Bank Accounts for Syrian Arab Republic measures the total number of deposit accounts held at commercial banks in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and the stability of the Syrian banking sector, which are important for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national central banking authorities in Syria.
Q: How is this trend used in economic policy?
A: Trends in bank account numbers can inform policymakers about the development of the financial sector and access to formal banking services.
Q: Are there update delays or limitations?
A: The data may have delays due to the challenging economic conditions in Syria, and it does not capture informal financial activity.
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Citation
U.S. Federal Reserve, Number of Bank Accounts for Syrian Arab Republic (DDAI01SYA642NWDB), retrieved from FRED.