Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Sri Lanka
LKAFCIODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
-33.33%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the number of financial institutions, including other deposit-taking corporations, in Sri Lanka. It provides insights into the breadth and reach of the country's banking and financial services 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 Depository Corporations, Other Deposit Takers for Sri Lanka metric tracks the total count of financial institutions that accept deposits, excluding commercial banks. This data is used by economists and policymakers to assess the accessibility and penetration of financial services across the Sri Lankan economy.
Methodology
The data is collected by the Central Bank of Sri Lanka through regulatory reporting and surveys of financial institutions.
Historical Context
Policymakers and regulators use this trend to monitor financial inclusion and the development of the banking and deposit-taking sectors in Sri Lanka.
Key Facts
- The number of other deposit-taking institutions in Sri Lanka has grown steadily over the past decade.
- Geographical outreach of deposit-taking services is a key indicator of financial inclusion in emerging economies.
- Sri Lanka has seen significant expansion of its banking and financial services sector in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, excluding commercial banks, that accept deposits in Sri Lanka. It provides insights into the breadth of the country's banking and deposit-taking sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and the development of the banking sector in Sri Lanka. It is used by economists and policymakers to assess the accessibility and penetration of deposit-taking services across the economy.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Sri Lanka through regulatory reporting and surveys of financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to monitor financial inclusion and the growth of the banking and deposit-taking sectors in Sri Lanka. It informs policies aimed at expanding access to financial services.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Sri Lanka, but there may be some delays in reporting due to the time required for data collection and aggregation.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Sri Lanka (LKAFCIODDNUM), retrieved from FRED.