Geographical Outreach: Number of Commercial Banks for Aruba
ABWFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2024
Summary
The 'Geographical Outreach: Number of Commercial Banks for Aruba' series tracks the total number of commercial banks operating in Aruba. This metric is important for understanding the structure and accessibility of Aruba's financial system.
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
This series measures the total number of commercial banks physically located and providing services within the geographic boundaries of Aruba. It serves as an indicator of the financial sector's breadth and reach across the population and economy.
Methodology
The data is collected by the Central Bank of Aruba through its oversight and regulation of the nation's commercial banking industry.
Historical Context
Policymakers and analysts use this metric to assess financial inclusion and competition within Aruba's banking sector.
Key Facts
- Aruba has 6 commercial banks as of the latest data.
- The number of banks has remained stable over the past decade.
- Aruba's population is approximately 106,000 as of 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks physically located and operating within the country of Aruba.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the structure and accessibility of Aruba's financial system, which is crucial for economic development and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Aruba through its oversight and regulation of the nation's commercial banking industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess financial inclusion and competition within Aruba's banking sector, which informs decisions around financial regulation and development.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Aruba, with minimal update delays. However, the metric may not capture all informal or unregulated banking activities in the country.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Aruba (ABWFCIODCNUM), retrieved from FRED.