Use of Financial Services: Number of Deposit Accounts at Deposit Taking Microfinance Institutions (MFIs) for Syrian Arab Republic
SYRFCAODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,846.00
Year-over-Year Change
N/A%
Date Range
1/1/2004 - 1/1/2013
Summary
This economic trend measures the number of deposit accounts at deposit-taking microfinance institutions (MFIs) in the Syrian Arab Republic. It provides insight into the usage and penetration of formal financial services 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 number of deposit accounts at deposit-taking MFIs is an indicator of the extent to which individuals and businesses are utilizing regulated financial services in the Syrian economy. This metric can inform policymakers and analysts about financial inclusion and access to formal banking.
Methodology
The data is collected by surveying and aggregating information from deposit-taking MFIs operating in the Syrian Arab Republic.
Historical Context
This trend is relevant for understanding the development of the financial sector and evaluating policies aimed at promoting financial inclusion.
Key Facts
- The number of deposit accounts at Syrian MFIs has increased over time.
- Deposit-taking MFIs play a significant role in expanding financial access in Syria.
- Financial inclusion is a key development priority for the Syrian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at deposit-taking microfinance institutions (MFIs) 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 formal banking services in the Syrian economy, which is important for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by surveying and aggregating information directly from deposit-taking MFIs operating in the Syrian Arab Republic.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the development of the financial sector and evaluating policies aimed at promoting financial inclusion in Syria.
Q: Are there update delays or limitations?
A: The data may be subject to update delays or limitations in coverage, as it relies on reporting from individual MFIs.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Deposit Accounts at Deposit Taking Microfinance Institutions (MFIs) for Syrian Arab Republic (SYRFCAODMFNUM), retrieved from FRED.