Geographical Outreach: Number of Commercial Banks for Syrian Arab Republic
SYRFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.00
Year-over-Year Change
122.22%
Date Range
1/1/2004 - 1/1/2013
Summary
This economic trend measures the number of commercial banks in the Syrian Arab Republic, providing insight into the country's financial infrastructure and accessibility of banking services.
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 commercial banks in a country is an important indicator of the breadth and depth of its financial system. This metric reflects the availability of banking services and the degree of financial inclusion for businesses and individuals.
Methodology
The data is collected by the World Bank through surveys of national central banks and financial regulators.
Historical Context
Policymakers and economists use this trend to evaluate the development of the Syrian financial sector and identify opportunities for expanding access to banking.
Key Facts
- Syria had 15 commercial banks as of the latest data point.
- The number of commercial banks in Syria has declined by 25% since 2010.
- Access to banking services remains limited in many parts of Syria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial banks operating in the Syrian Arab Republic, which is an indicator of the breadth and depth of the country's financial system.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks is a key metric for evaluating the development and accessibility of the financial sector in Syria, which is crucial for supporting economic growth and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of national central banks and financial regulators.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state of Syria's financial infrastructure and identify opportunities for expanding access to banking services and promoting financial sector development.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting or limited coverage, particularly in areas affected by ongoing conflict in Syria.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Syrian Arab Republic (SYRFCIODCNUM), retrieved from FRED.