Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for St. Kitts and Nevis
SKNFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.70
Year-over-Year Change
-38.52%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 100,000 adults in St. Kitts and Nevis. It provides insights into the accessibility and geographic coverage of the country's banking infrastructure.
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 Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for St. Kitts and Nevis metric tracks the density of commercial bank branches in the country. It is a useful indicator of financial inclusion and the reach of the banking system across the population.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on information from the World Bank's Global Financial Development Database.
Historical Context
This trend is relevant for policymakers and analysts evaluating the state of financial access and the distribution of banking services within St. Kitts and Nevis.
Key Facts
- St. Kitts and Nevis had 18.53 commercial bank branches per 100,000 adults in 2020.
- The number of branches per 100,000 adults has declined from a high of 21.78 in 2011.
- Banking access is an important factor in promoting financial inclusion and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in St. Kitts and Nevis. It provides insights into the geographic coverage and accessibility of the country's banking infrastructure.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for evaluating financial inclusion and access to banking services within St. Kitts and Nevis. It helps policymakers and analysts understand the distribution and reach of the country's banking system.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on information from the World Bank's Global Financial Development Database.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to assess the state of financial access and the coverage of banking services within St. Kitts and Nevis. It informs efforts to promote financial inclusion and support economic development.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it is sourced from the World Bank's database. Additionally, the metric may not capture all informal or non-traditional banking services in the country.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for St. Kitts and Nevis (SKNFCBODCANUM), retrieved from FRED.