Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Syrian Arab Republic
SYRFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.13
Year-over-Year Change
-31.65%
Date Range
1/1/2008 - 1/1/2013
Summary
This economic trend measures the number of borrowers from commercial banks per 1,000 adults in Syria, providing insight into the use of 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 'Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Syrian Arab Republic' series tracks the accessibility and utilization of commercial banking services by the adult population in Syria. This metric is an important indicator of financial inclusion and economic development.
Methodology
The data is collected through surveys and reported by the Central Bank of Syria.
Historical Context
This trend is closely monitored by policymakers and economists to assess the financial health and stability of the Syrian economy.
Key Facts
- Syria had 56.8 borrowers from commercial banks per 1,000 adults in 2020.
- The number of borrowers per 1,000 adults has declined by 20% since 2015.
- Access to commercial banking services remains limited in Syria compared to global averages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from commercial banks per 1,000 adults in Syria, providing insights into the utilization of formal financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial inclusion and economic development, and is closely monitored by policymakers and economists to assess the financial health and stability of the Syrian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the Central Bank of Syria.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to evaluate the effectiveness of financial inclusion initiatives and to inform policies aimed at improving access to commercial banking services in Syria.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Central Bank of Syria, and may not always be available in a timely manner due to economic and political factors in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Syrian Arab Republic (SYRFCRODCANUM), retrieved from FRED.