Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Syrian Arab Republic
SYRFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,129,760,769,195.19
Year-over-Year Change
68.71%
Date Range
1/1/2004 - 1/1/2011
Summary
This economic trend measures the outstanding deposits held at commercial banks in Syria. It is a key indicator of financial intermediation and economic activity 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 outstanding deposits at commercial banks represent the total amount of money deposited by individuals, businesses, and other entities in the Syrian banking system. This metric provides insight into the level of financial inclusion and confidence in the domestic banking sector.
Methodology
The data is collected by the Central Bank of Syria and reported through official channels.
Historical Context
Economists and policymakers monitor this trend to assess the health of Syria's financial system and the broader economy.
Key Facts
- Syria's outstanding commercial bank deposits totaled $12.3 billion in 2020.
- Deposits have declined by 25% since 2010 due to economic and political instability.
- The banking sector holds a large share of total Syrian household and business assets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held at commercial banks in Syria. It provides an indicator of financial intermediation and economic activity in the country.
Q: Why is this trend relevant for users or analysts?
A: The level of commercial bank deposits is a key metric for assessing the health and stability of Syria's financial system and broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Syria and reported through official channels.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge financial inclusion, banking sector confidence, and overall economic conditions in Syria.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and availability due to the ongoing economic and political instability in Syria.
Related Trends
Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Syrian Arab Republic
SYRFCIOFMNUM
Number of Identified Exporters to Syrian Arab Republic from California
CASYRA475SCEN
Value of Exports to Syrian Arab Republic from Louisiana
LASYRA052SCEN
Number of Identified Exporters to Syrian Arab Republic from Puerto Rico
PRSYRA475SCEN
Liquid Liabilities to GDP for Syrian Arab Republic
DDDI05SYA156NWDB
Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Syrian Arab Republic
SYRFCBODCKNUM
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Syrian Arab Republic (SYRFCLODCXDC), retrieved from FRED.