Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for St. Kitts and Nevis
SKNFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.93
Year-over-Year Change
3.02%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks outstanding loans from commercial banks to households in St. Kitts and Nevis, providing insights into the usage 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 Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for St. Kitts and Nevis metric represents the total value of loans extended by commercial banks to private households in the country, expressed as a percentage of GDP. This data point is a key indicator of household access to and utilization of formal financial services.
Methodology
The data is collected and calculated by the Central Bank of St. Kitts and Nevis.
Historical Context
This indicator is used by policymakers and analysts to assess the depth and inclusion of the country's financial system.
Key Facts
- St. Kitts and Nevis has a population of around 53,000 people.
- Commercial bank loans to households were 27.4% of GDP in 2020.
- This indicator has been tracked since 1998.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of outstanding loans from commercial banks to private households in St. Kitts and Nevis, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and inclusiveness of the financial system in St. Kitts and Nevis, which is important for assessing economic development and household access to credit.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of St. Kitts and Nevis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate the level of financial inclusion and the effectiveness of policies aimed at expanding access to formal financial services in the country.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of St. Kitts and Nevis, with potential for some delays in reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for St. Kitts and Nevis (SKNFCSODCHGGDPPT), retrieved from FRED.