Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for St. Kitts and Nevis
SKNFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
6.25%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of financial institutions, insurance corporations, and other financial corporations in St. Kitts and Nevis. It provides valuable insights into the size and composition of the island nation's financial sector.
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 SKNFCIOFINUM series tracks the total number of financial institutions, insurance companies, and other financial corporations operating in St. Kitts and Nevis. This data is used by economists and policymakers to analyze the depth and development of the country's financial system.
Methodology
The data is collected and reported by the Eastern Caribbean Central Bank.
Historical Context
This trend is relevant for understanding the capacity and growth of St. Kitts and Nevis' financial markets and infrastructure.
Key Facts
- St. Kitts and Nevis has a population of around 53,199 as of 2020.
- The country's GDP was approximately $1 billion in 2020.
- Tourism is a major driver of the St. Kitts and Nevis economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, insurance corporations, and other financial corporations operating in St. Kitts and Nevis.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the size and composition of the financial sector in St. Kitts and Nevis, which is important for understanding the country's economic development and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Eastern Caribbean Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze the capacity and growth of St. Kitts and Nevis' financial markets and infrastructure, which is crucial for supporting economic development and stability.
Q: Are there update delays or limitations?
A: The data is typically updated on a regular basis, but there may be occasional delays or limitations in data availability.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for St. Kitts and Nevis (SKNFCIOFINUM), retrieved from FRED.