Use of Financial Services: Number of Depositors at Commercial Banks for Syrian Arab Republic
SYRFCDODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,697,864.00
Year-over-Year Change
8.22%
Date Range
1/1/2008 - 1/1/2013
Summary
The 'Use of Financial Services: Number of Depositors at Commercial Banks for Syrian Arab Republic' trend measures the total number of deposit accounts held at commercial banks in Syria. This metric is important for economists and policymakers to understand financial inclusion and the depth of the banking system.
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 represents the total number of deposit accounts, including both personal and business accounts, held at commercial banks operating in Syria. It provides insight into the overall utilization of formal banking services within the Syrian economy.
Methodology
The data is collected by the Central Bank of Syria and reported to the International Monetary Fund.
Historical Context
Policymakers and analysts use this metric to gauge the development of Syria's financial sector and evaluate financial inclusion efforts.
Key Facts
- Syria had over 6 million deposit accounts at commercial banks as of the latest data.
- The number of depositors has declined since 2010 due to economic and political instability.
- Improving financial inclusion is a key priority for economic policymakers in Syria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts, both personal and business, held at commercial banks operating in Syria.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and the overall utilization of formal banking services within the Syrian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Syria and reported to the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the development of Syria's financial sector and evaluate financial inclusion efforts.
Q: Are there update delays or limitations?
A: There may be lags or gaps in the reporting of this data due to the challenging economic and political environment in Syria.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Commercial Banks for Syrian Arab Republic (SYRFCDODCPENUM), retrieved from FRED.