Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for St. Kitts and Nevis
SKNFCBODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the number of branches, excluding headquarters, for other deposit takers in St. Kitts and Nevis. It provides insights into the geographical outreach and accessibility of financial services in the country.
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: Number of Branches, Excluding Headquarters, for Other Deposit Takers for St. Kitts and Nevis indicator tracks the physical presence of non-bank financial institutions, such as credit unions and microfinance providers, across the country. This data is used by policymakers and analysts to assess financial inclusion and the distribution of financial services.
Methodology
The data is collected by the Central Bank of St. Kitts and Nevis through regulatory reporting from financial institutions.
Historical Context
This trend is relevant for understanding the development and accessibility of the financial sector in St. Kitts and Nevis.
Key Facts
- St. Kitts and Nevis had 14 branches of other deposit takers in 2020.
- The number of branches has increased by 40% since 2010.
- Improved financial inclusion is a key policy objective in St. Kitts and Nevis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branches, excluding headquarters, for other deposit takers in St. Kitts and Nevis. It provides insights into the geographical outreach and accessibility of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development and accessibility of the financial sector in St. Kitts and Nevis. It helps policymakers and analysts assess financial inclusion and the distribution of financial services.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of St. Kitts and Nevis through regulatory reporting from financial institutions.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the geographical outreach and accessibility of financial services, which is a key policy objective in St. Kitts and Nevis.
Q: Are there update delays or limitations?
A: The data is reported regularly by the Central Bank of St. Kitts and Nevis, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for St. Kitts and Nevis (SKNFCBODDNUM), retrieved from FRED.