Geographical Outreach: Number of Institutions, Other Depository Corporations for Singapore
SGPFCIODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of institutions classified as 'other depository corporations' in Singapore. It provides insight into the breadth and accessibility of the country's banking and financial services 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 Depository Corporations for Singapore' data series tracks the total count of entities such as commercial banks, savings institutions, and credit unions operating within Singapore. This metric is used by economists and policymakers to assess the depth and coverage of the nation's financial infrastructure.
Methodology
The data is collected and reported by the Monetary Authority of Singapore.
Historical Context
This trend is relevant for analyzing the development and integration of Singapore's banking system and its ability to serve consumers and businesses.
Key Facts
- Singapore has one of the most extensive banking networks in Southeast Asia.
- The number of other depository corporations in Singapore has grown by over 20% in the past decade.
- The country's financial sector accounts for over 12% of its total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of financial institutions classified as 'other depository corporations' operating in Singapore, including commercial banks, savings institutions, and credit unions.
Q: Why is this trend relevant for users or analysts?
A: The breadth of a country's financial services infrastructure is an important indicator of economic development and the ability of consumers and businesses to access banking and credit. This metric provides insight into the depth and coverage of Singapore's banking system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Monetary Authority of Singapore, the nation's central bank and financial regulatory authority.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor the growth and integration of Singapore's banking sector, which is a crucial component of the country's overall financial and economic development strategy.
Q: Are there update delays or limitations?
A: The Geographical Outreach data is published on a regular basis by the Monetary Authority of Singapore with minimal delays, providing timely information on the state of Singapore's financial services landscape.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations for Singapore (SGPFCIODNUM), retrieved from FRED.