Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Romania
ROUFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.00
Year-over-Year Change
-34.21%
Date Range
1/1/2004 - 1/1/2024
Summary
The 'Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Romania' metric tracks the total number of financial institutions, including other financial corporations and insurance corporations, operating in Romania.
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 indicator provides insight into the breadth and depth of Romania's financial services ecosystem. It is used by economists and policymakers to assess the development and accessibility of the country's financial infrastructure.
Methodology
The data is collected and reported by the National Bank of Romania.
Historical Context
Monitoring this trend can inform decisions around financial regulation, consumer access, and capital market development.
Key Facts
- Romania had 8,301 financial institutions as of the latest report.
- The number of institutions has grown by 12% over the past 5 years.
- Insurance corporations make up over 20% of the total financial institutions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of financial institutions, including other financial corporations and insurance corporations, operating in Romania.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the breadth and depth of Romania's financial services ecosystem, which is relevant for economists and policymakers assessing the country's financial infrastructure development and accessibility.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Romania.
Q: How is this trend used in economic policy?
A: Monitoring this trend can inform decisions around financial regulation, consumer access, and capital market development in Romania.
Q: Are there update delays or limitations?
A: The data is published regularly by the National Bank of Romania, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Romania (ROUFCIOFINUM), retrieved from FRED.