Use of Financial Services: Number of Depositors at Deposit Taking Microfinance Institutions (MFIs) for Syrian Arab Republic
SYRFCDODMFPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,661.00
Year-over-Year Change
N/A%
Date Range
1/1/2004 - 1/1/2013
Summary
This economic trend tracks the number of depositors at deposit-taking microfinance institutions (MFIs) in Syria. It provides insights into the reach and usage of formal financial services in the country.
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 number of depositors at deposit-taking MFIs is an indicator of financial inclusion and access to basic banking services. This data point is used by economists and policymakers to assess the development of the microfinance sector and financial system in Syria.
Methodology
The data is collected directly from deposit-taking MFIs operating in Syria.
Historical Context
This trend is relevant for evaluating financial sector development and access to formal banking services in the Syrian economy.
Key Facts
- Syria has a large informal economy and limited access to formal financial services.
- Microfinance is an important tool for extending basic banking to underserved populations.
- The number of depositors with MFIs provides insight into financial inclusion levels.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of depositors at deposit-taking microfinance institutions (MFIs) in Syria. It provides insights into the reach and usage of formal financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: The number of depositors at MFIs is an important indicator of financial inclusion and access to basic banking services in the Syrian economy. This data is used by economists and policymakers to assess the development of the microfinance sector.
Q: How is this data collected or calculated?
A: The data is collected directly from deposit-taking MFIs operating in Syria.
Q: How is this trend used in economic policy?
A: This trend is relevant for evaluating financial sector development and access to formal banking services in the Syrian economy. It informs policymakers and institutions working to improve financial inclusion.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or limitations given the challenging economic conditions in Syria.
Related Trends
Use of Financial Services: Number of Loan Accounts at Deposit Taking Microfinance Institutions (MFIs) for Syrian Arab Republic
SYRFCNODMFNUM
Value of Exports to Syrian Arab Republic from Tennessee
TNSYRA052SCEN
Number of Identified Exporters to Syrian Arab Republic from Indiana
INSYRA475SCEN
Value of Exports to Syrian Arab Republic from Ohio
OHSYRA052SCEN
Fertility Rate, Total for the Syrian Arab Republic
SPDYNTFRTINSYR
Value of Exports to Syrian Arab Republic from North Carolina
NCSYRA052SCEN
Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Deposit Taking Microfinance Institutions (MFIs) for Syrian Arab Republic (SYRFCDODMFPENUM), retrieved from FRED.