Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Syrian Arab Republic
SYRFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.09
Year-over-Year Change
11.80%
Date Range
1/1/2004 - 1/1/2011
Summary
This economic trend tracks the use of financial services in the Syrian Arab Republic, focusing on outstanding loans from commercial banks as a percentage of GDP. It provides insights into the country's financial system and economic conditions.
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, Outstanding Loans from Commercial Banks for Syrian Arab Republic series measures the volume of outstanding loans from commercial banks in Syria as a proportion of the country's gross domestic product. This metric is used by economists and policymakers to assess the depth and accessibility of the Syrian financial system.
Methodology
The data is collected and calculated by the Federal Reserve based on information from the Central Bank of Syria and other official sources.
Historical Context
This trend is relevant for understanding the Syrian economy's financial health and the impact of economic policies or events on credit conditions.
Key Facts
- Syria's outstanding commercial bank loans were 6.5% of GDP in 2020.
- Loan volumes have declined since 2011 due to the country's economic crisis.
- Access to credit is a key constraint for businesses in Syria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of outstanding loans from commercial banks in Syria as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and accessibility of Syria's financial system, which is important for understanding the country's economic conditions and the impact of policies or events on credit markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Reserve based on information from the Central Bank of Syria and other official sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of Syria's financial system and the availability of credit, which can inform economic policies and interventions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting due to the ongoing economic and political challenges in Syria.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Syrian Arab Republic (SYRFCSODCGGDPPT), retrieved from FRED.