Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Finland
FINFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.00
Year-over-Year Change
20.51%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend tracks the number of financial institutions, insurance corporations, and other financial corporations in Finland. It provides insight into the breadth and diversity of the Finnish 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 Finland series measures the total count of various types of financial entities operating in the country. This data is used by economists and policymakers to assess the depth and competitiveness of Finland's financial services industry.
Methodology
The data is collected by the Finnish Financial Supervisory Authority through regulatory reporting by financial institutions.
Historical Context
This metric informs assessments of Finland's financial market development and integration with regional and global financial systems.
Key Facts
- Finland has over 2,000 financial institutions.
- The number of insurance corporations in Finland exceeds 300.
- Other financial corporations in Finland total more than 1,500.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of financial institutions, insurance corporations, and other financial corporations operating in Finland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the depth and competitiveness of Finland's financial services industry, which is important for assessing the country's economic development and integration with regional and global financial systems.
Q: How is this data collected or calculated?
A: The data is collected by the Finnish Financial Supervisory Authority through regulatory reporting by financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the state of Finland's financial market development and integration with broader financial systems.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing a timely representation of the Finnish financial landscape.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Finland (FINFCIOFINUM), retrieved from FRED.