Geographical Outreach: Number of Institutions, Other Financial Corporations for Dominica
DMAFCIOFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.00
Year-over-Year Change
22.22%
Date Range
1/1/2007 - 1/1/2017
Summary
This trend measures the number of 'other financial corporations' located in Dominica, which includes non-bank financial institutions such as investment funds, insurance companies, and financial auxiliaries.
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 other financial corporations in Dominica is an indicator of the development and diversity of the country's financial sector. It provides insight into the breadth of non-bank financial services available to consumers and businesses.
Methodology
The data is collected by the Central Bank of Dominica through regulatory reporting by financial institutions.
Historical Context
This metric is used by policymakers and analysts to assess the financial infrastructure and intermediation capacity within Dominica.
Key Facts
- Dominica is a small island nation in the Caribbean.
- The financial sector plays a key role in Dominica's economy.
- Non-bank financial institutions complement traditional banking services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of 'other financial corporations' located in Dominica, including non-bank financial institutions such as investment funds, insurance companies, and financial auxiliaries.
Q: Why is this trend relevant for users or analysts?
A: The number of other financial corporations in Dominica provides insight into the development and diversity of the country's financial sector, which is important for assessing financial infrastructure and intermediation capacity.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Dominica through regulatory reporting by financial institutions.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess the financial landscape and support policies aimed at developing Dominica's financial sector.
Q: Are there update delays or limitations?
A: The data may have lags due to the reporting requirements of financial institutions, and the small size of Dominica's economy could limit the availability of detailed financial data.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations for Dominica (DMAFCIOFNUM), retrieved from FRED.