Geographical Outreach: Number of Institutions, Other Financial Corporations for Albania
ALBFCIOFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.00
Year-over-Year Change
125.00%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Geographical Outreach: Number of Institutions, Other Financial Corporations for Albania' trend measures the total number of non-bank financial institutions operating in Albania. This metric is important for analyzing the depth and diversity of Albania'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 series tracks the total number of other financial corporations (OFCs) active in Albania, excluding commercial banks. OFCs include insurance companies, pension funds, and other non-depository financial intermediaries. Monitoring the growth and geographic distribution of these institutions provides insights into financial inclusion and the development of Albania's financial infrastructure.
Methodology
The data is collected by the Bank of Albania through surveys of financial institutions.
Historical Context
Policymakers use this metric to assess the financial system's capacity to serve households and businesses across Albania.
Key Facts
- The number of OFCs in Albania has grown from 78 in 2010 to 149 in 2021.
- OFCs account for over 20% of Albania's total financial sector assets.
- Insurance companies make up the largest share of OFCs in Albania.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-bank financial institutions, known as other financial corporations (OFCs), operating in Albania.
Q: Why is this trend relevant for users or analysts?
A: Tracking the growth and geographic distribution of OFCs provides insights into financial inclusion and the development of Albania's financial infrastructure.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Albania through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the financial system's capacity to serve households and businesses across Albania.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may not capture all non-bank financial institutions in Albania.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations for Albania (ALBFCIOFNUM), retrieved from FRED.