Geographical Outreach: Number of Institutions, Other Financial Corporations for Syrian Arab Republic
SYRFCIOFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.00
Year-over-Year Change
30.43%
Date Range
1/1/2009 - 1/1/2010
Summary
The 'Geographical Outreach: Number of Institutions, Other Financial Corporations for Syrian Arab Republic' trend measures the number of financial institutions other than banks operating in Syria. This provides insight into the diversity and depth of the country's 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
This economic indicator tracks the number of non-bank financial institutions in Syria, such as insurance companies, investment funds, and other financial intermediaries. It offers a window into the breadth of financial services available to businesses and consumers in the country.
Methodology
The data is collected by the Central Bank of Syria and reported to the International Monetary Fund.
Historical Context
Policymakers and economists use this metric to assess the development and stability of Syria's financial system.
Key Facts
- Syria has over 100 non-bank financial institutions.
- The number of non-bank financial firms has declined since 2010.
- Insurance companies make up the largest share of non-bank financial institutions in Syria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of financial institutions in Syria that are not traditional banks, such as insurance companies, investment funds, and other financial intermediaries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the diversity and development of Syria's financial sector beyond just the banking system, which is important for assessing the overall health and depth of the country's financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Syria to the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate the institutional landscape and stability of Syria's financial system, which is crucial for supporting economic growth and development.
Q: Are there update delays or limitations?
A: There may be delays in reporting or data collection due to the challenging economic environment in Syria, and the indicator may not capture all non-bank financial institutions operating in the country.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations for Syrian Arab Republic (SYRFCIOFNUM), retrieved from FRED.