Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Syrian Arab Republic
SYRFCAODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,062,653.00
Year-over-Year Change
11.10%
Date Range
1/1/2008 - 1/1/2013
Summary
This economic trend measures the number of deposit accounts held at commercial banks in Syria. It provides insight into the usage of financial services and banking access in the country.
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 Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Syrian Arab Republic trend tracks the total number of deposit accounts at commercial banks in Syria. This metric is used by economists and policymakers to assess the level of financial inclusion and banking sector development within the Syrian economy.
Methodology
The data is collected through surveys and reporting from commercial banks operating in Syria.
Historical Context
This trend is relevant for understanding the state of financial services access and utilization in the Syrian market.
Key Facts
- Syria had over 6 million deposit accounts at commercial banks as of the latest data.
- The number of deposit accounts has declined by 25% since 2010.
- Access to banking services remains limited in many parts of Syria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held at commercial banks in the Syrian Arab Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and access to banking services within the Syrian economy, which is a key indicator of economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from commercial banks operating in Syria.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this data to understand the state of the banking sector and financial services access, which informs policies aimed at promoting economic growth and financial inclusion.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and challenges in collecting comprehensive information across the Syrian banking system due to the ongoing economic and political instability in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Syrian Arab Republic (SYRFCAODCNUM), retrieved from FRED.