Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Singapore
SGPFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
213.00
Year-over-Year Change
29.88%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the number of financial institutions, other financial corporations, and insurance corporations located in Singapore. It provides insights into the geographical footprint and diversity of Singapore'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, Insurance Corporations for Singapore metric tracks the total number of these entities based in the country. It offers a high-level view of the financial ecosystem and can inform analyses of industry concentration, market competitiveness, and overall economic development.
Methodology
The data is collected by regulatory agencies and statistical offices in Singapore.
Historical Context
This trend is useful for policymakers, economists, and investors seeking to understand the depth and breadth of Singapore's financial industry.
Key Facts
- Singapore hosts over 1,000 financial institutions.
- The financial sector accounts for 13% of Singapore's GDP.
- Singapore is a leading global financial center.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, other financial corporations, and insurance corporations located in Singapore.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the depth and diversity of Singapore's financial ecosystem, which is crucial for understanding the country's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by regulatory agencies and statistical offices in Singapore.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and growth of Singapore's financial sector, which is a key driver of the country's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically a few months, and may be subject to revisions as new information becomes available.
Related Trends
Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Singapore
SGPFCBODCKNUM
Value of Exports to Singapore from South Carolina
SCSGPA052SCEN
Number of Identified Exporters to Singapore from California
CASGPA475SCEN
Value of Exports to Singapore from Massachusetts
MASGPA052SCEN
Total Credit to Households and NPISHs, Adjusted for Breaks, for Singapore
QSGHAMUSDA
Amount Outstanding Due within One Year of International Debt Securities for All Issuers, Residence of Issuer in Singapore
IDS1YMAORIAISG
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Singapore (SGPFCIOFINUM), retrieved from FRED.