Geographical Outreach: Number of Commercial Banks for Anguilla
AIAFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-50.00%
Date Range
1/1/2004 - 1/1/2024
Summary
The 'Geographical Outreach: Number of Commercial Banks for Anguilla' trend measures the total number of commercial banks operating in the Caribbean island nation of Anguilla. This metric is important for economists and policymakers to assess financial sector development and access to banking services.
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 economic indicator tracks the count of commercial banks with a physical presence in Anguilla. It provides insight into the breadth of the island's banking infrastructure and the degree of financial inclusion for residents and businesses.
Methodology
The data is collected directly from the Anguilla Financial Services Commission.
Historical Context
Policymakers use this metric to monitor progress towards financial sector deepening and improved access to credit.
Key Facts
- Anguilla had 6 commercial banks as of the latest data.
- The number of banks has remained stable over the past 5 years.
- Anguilla's banking sector is a key part of its services-based economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks operating in Anguilla, providing insight into the breadth of the island's banking infrastructure.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial sector development and access to banking services in Anguilla.
Q: How is this data collected or calculated?
A: The data is collected directly from the Anguilla Financial Services Commission.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to monitor progress towards financial sector deepening and improved access to credit in Anguilla.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays.
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Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Anguilla
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Anguilla (AIAFCIODCNUM), retrieved from FRED.