Number of Bank Branches for Syrian Arab Republic
DDAI02SYA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.39
Year-over-Year Change
73.50%
Date Range
1/1/2004 - 1/1/2013
Summary
The 'Number of Bank Branches for Syrian Arab Republic' measures the total number of commercial bank branches operating within the Syrian economy. This metric is a key indicator of financial sector development and access to banking services.
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 World Bank development indicator tracks the physical presence and distribution of traditional brick-and-mortar bank branches across Syria. It provides insight into the evolving infrastructure and penetration of the formal banking system within the country.
Methodology
The data is collected through national banking regulatory authorities and financial institutions.
Historical Context
Policymakers and economists analyze branch density to assess financial inclusion and the growth of the banking sector.
Key Facts
- Syria had 2,501 commercial bank branches as of 2017.
- Branch density was 13.7 per 100,000 adults in 2017.
- Bank branch numbers declined by 18% from 2007 to 2017.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for Syrian Arab Republic' metric tracks the total number of commercial bank branches operating within Syria's financial system.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the development and accessibility of the formal banking infrastructure, which is a key driver of financial inclusion and overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected directly from national banking regulators and financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze branch density to assess the state of financial sector development and identify opportunities to expand banking services and financial inclusion.
Q: Are there update delays or limitations?
A: The data may have update lags due to reporting timelines, and branch numbers can be affected by conflicts, economic conditions, and structural changes in the banking sector.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Syrian Arab Republic (DDAI02SYA643NWDB), retrieved from FRED.