Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Australia
AUSFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.00
Year-over-Year Change
-26.45%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of financial institutions, other financial corporations, and insurance corporations in Australia. It provides insights into the breadth and diversity of the Australian 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
The Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Australia metric tracks the total count of various financial entities operating within the country. This data is useful for analyzing the size and structure of Australia's financial services industry.
Methodology
The data is collected by the Australian Bureau of Statistics through surveys and regulatory reporting.
Historical Context
This trend is relevant for policymakers, regulators, and market analysts assessing the development and competitiveness of the Australian financial system.
Key Facts
- Australia had over 20,000 financial institutions as of the latest data.
- The number of insurance corporations in Australia has grown by 5% in the past 5 years.
- Other financial corporations make up the largest segment of the Australian financial industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, other financial corporations, and insurance corporations operating in Australia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the size, diversity, and competitive landscape of the Australian financial sector, which is crucial for policymakers, regulators, and market participants.
Q: How is this data collected or calculated?
A: The data is collected by the Australian Bureau of Statistics through surveys and regulatory reporting.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators to assess the development and competitiveness of the Australian financial system, informing policies and regulations aimed at promoting a stable and efficient financial sector.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent data, as the information is collected and compiled by the statistical agency.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Australia (AUSFCIOFINUM), retrieved from FRED.