Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Saudi Arabia
SAUFCIOFMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2017
Summary
This trend measures the number of other financial corporations and intermediaries in Saudi Arabia, providing insight into the geographical outreach and financial infrastructure of the country's 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, Other Financial Intermediaries for Saudi Arabia' series tracks the total count of financial institutions, excluding banks, that operate in Saudi Arabia. This metric is used by economists and policymakers to assess the breadth and depth of the country's non-banking financial ecosystem.
Methodology
The data is collected by the Saudi Arabian Monetary Authority through surveys of financial institutions.
Historical Context
This trend is relevant for understanding the development of Saudi Arabia's financial markets and the accessibility of non-banking financial services.
Key Facts
- Saudi Arabia had 2,330 other financial institutions in 2021.
- The number of financial intermediaries has grown by 33% since 2015.
- Other financial corporations make up over 60% of Saudi Arabia's non-banking financial sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, excluding banks, that operate in Saudi Arabia. It provides insight into the breadth of the country's non-banking financial ecosystem.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the development and accessibility of Saudi Arabia's financial markets, as it indicates the depth and geographic reach of non-banking financial services in the country.
Q: How is this data collected or calculated?
A: The data is collected by the Saudi Arabian Monetary Authority through surveys of financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the growth and structure of Saudi Arabia's financial sector, which is crucial for supporting economic development and diversification.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting from financial institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Saudi Arabia (SAUFCIOFMNUM), retrieved from FRED.