Geographical Outreach: Number of Commercial Banks for St. Kitts and Nevis
SKNFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-42.86%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of commercial banks in St. Kitts and Nevis, providing insights into the geographical outreach and accessibility of financial services in the Caribbean nation.
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 Commercial Banks for St. Kitts and Nevis trend offers valuable data on the financial infrastructure and banking sector development in this island country. It is used by economists and policymakers to analyze the distribution and availability of banking services across the population.
Methodology
The data is collected and reported by the Central Bank of St. Kitts and Nevis.
Historical Context
This metric is relevant for understanding financial inclusion and economic growth policies in the region.
Key Facts
- St. Kitts and Nevis has a population of around 53,000 people.
- The country has a total of 6 commercial banks as of the latest data.
- Banking services are an important part of the island nation's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial banks operating in St. Kitts and Nevis, providing insights into the geographical outreach and accessibility of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks is an important indicator of financial infrastructure and economic development, helping policymakers and analysts understand the availability of banking services across the population.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of St. Kitts and Nevis.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding financial inclusion and economic growth policies in the Caribbean region, as it provides insights into the distribution and accessibility of banking services.
Q: Are there update delays or limitations?
A: The data is reported with a short time lag, and may not capture changes in the banking sector in real-time.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for St. Kitts and Nevis (SKNFCIODCNUM), retrieved from FRED.