Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for St. Kitts and Nevis
SKNFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.82
Year-over-Year Change
4.56%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the outstanding loans from commercial banks in St. Kitts and Nevis as a percentage of the country's GDP. It provides insights into the overall use of financial services and the level of credit access within the economy.
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 outstanding loans from commercial banks metric represents the total value of loans extended by banks to individuals, businesses, and other entities in St. Kitts and Nevis. This data point is used by economists and policymakers to assess the depth and penetration of the financial sector and gauge credit availability within the country.
Methodology
The data is collected directly from commercial banks operating in St. Kitts and Nevis and aggregated by the national statistics agency.
Historical Context
This indicator offers valuable context for understanding the level of financial intermediation and economic activity in St. Kitts and Nevis.
Key Facts
- St. Kitts and Nevis is a Caribbean island nation.
- Outstanding commercial bank loans averaged 60% of GDP from 2010-2020.
- The indicator has declined in recent years, suggesting tighter credit conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the outstanding loans from commercial banks in St. Kitts and Nevis as a percentage of the country's GDP, providing insights into the use of financial services and credit access within the economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the depth and penetration of the financial sector in St. Kitts and Nevis, as well as gauging the overall level of credit availability and economic activity within the country.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in St. Kitts and Nevis and aggregated by the national statistics agency.
Q: How is this trend used in economic policy?
A: This indicator offers valuable context for policymakers and economists seeking to assess the level of financial intermediation and overall economic conditions in St. Kitts and Nevis.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be occasional delays in reporting due to the need to collect information from multiple financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for St. Kitts and Nevis (SKNFCSODCGGDPPT), retrieved from FRED.