Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Albania
ALBFCIODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
-90.23%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of financial institutions, including other depository corporations and other deposit takers, in Albania. It provides insights into the breadth and accessibility of the country's financial services ecosystem.
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 Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Albania tracks the total number of financial service providers in the country. This metric is used by economists and policymakers to assess the reach and depth of Albania's financial infrastructure.
Methodology
The data is collected and reported by the Central Bank of Albania.
Historical Context
This trend is relevant for understanding the growth and development of Albania's financial sector and its ability to serve the broader population.
Key Facts
- Albania had 493 financial institutions as of the latest data.
- The number of institutions has grown by 12% over the past 5 years.
- Albania's financial sector serves a population of approximately 2.8 million people.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, including other depository corporations and other deposit takers, operating in Albania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the breadth and accessibility of Albania's financial services ecosystem, which is crucial for economic development and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Albania.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the growth and development of Albania's financial sector and its ability to serve the broader population.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Albania, but there may be a lag of several months between the reporting period and the public release of the information.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Albania (ALBFCIODDNUM), retrieved from FRED.