Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Saudi Arabia
SAUFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.00
Year-over-Year Change
-12.90%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of financial institutions, insurance corporations, and other financial corporations located in Saudi Arabia. It provides insights into the development and structure of the Saudi 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 Saudi Arabia data series tracks the count of various types of financial entities operating within the country. This metric is useful for analyzing the breadth and depth of Saudi Arabia's financial infrastructure.
Methodology
The data is collected and reported by the Saudi Arabian Monetary Authority.
Historical Context
This trend is relevant for policymakers, investors, and analysts seeking to understand the growth and competitiveness of Saudi Arabia's financial services industry.
Key Facts
- Saudi Arabia had over 3,700 financial institutions as of the latest data.
- The number of insurance corporations in Saudi Arabia has grown by 75% in the past decade.
- Other financial corporations make up the largest segment of Saudi Arabia's financial sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of financial institutions, insurance corporations, and other financial corporations located and operating within Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the depth and development of Saudi Arabia's financial services industry, which is an important driver of the country's economic growth and diversification efforts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Saudi Arabian Monetary Authority, the country's central bank.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this data to monitor the growth and competitiveness of Saudi Arabia's financial sector, which is a key priority for economic diversification and development strategies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Saudi Arabian Monetary Authority, but there may be some delays in reporting due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Saudi Arabia (SAUFCIOFINUM), retrieved from FRED.