Geographical Outreach: Number of Institutions, Other Financial Corporations for St. Kitts and Nevis
SKNFCIOFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of financial institutions, excluding banks, operating in St. Kitts and Nevis. It provides insights into the broader financial ecosystem and landscape of 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 Institutions, Other Financial Corporations for St. Kitts and Nevis data series tracks the total count of non-bank financial institutions, such as insurance companies, investment funds, and other financial intermediaries, that are present in the country. This metric is useful for analyzing the depth and diversity of the financial sector.
Methodology
The data is collected by the Eastern Caribbean Central Bank through regulatory reporting from financial institutions.
Historical Context
This trend is relevant for policymakers and market analysts seeking to understand the development and structure of the financial services industry in St. Kitts and Nevis.
Key Facts
- St. Kitts and Nevis is a small island nation in the Caribbean.
- The financial sector plays a crucial role in the country's economy.
- The number of non-bank financial institutions has fluctuated over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, excluding banks, that are operating in St. Kitts and Nevis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the depth and diversity of the financial sector in St. Kitts and Nevis, which is important for understanding the country's economic development and financial stability.
Q: How is this data collected or calculated?
A: The data is collected by the Eastern Caribbean Central Bank through regulatory reporting from financial institutions in St. Kitts and Nevis.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the development and structure of the financial services industry in St. Kitts and Nevis, which can inform policies and regulations aimed at promoting a robust and diversified financial sector.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and collection processes of the Eastern Caribbean Central Bank, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations for St. Kitts and Nevis (SKNFCIOFNUM), retrieved from FRED.