Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for St. Kitts and Nevis
SKNFCSODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,261,151,000.00
Year-over-Year Change
50.19%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans to households at commercial banks in St. Kitts and Nevis. It provides insights into the level of household borrowing and financial services utilization 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, Assets: Outstanding Loans to Households at Commercial Banks for St. Kitts and Nevis represents the total value of loans extended by commercial banks to individual households within the country. This metric is used by economists and policymakers to assess the level of household indebtedness and access to credit.
Methodology
The data is collected by the U.S. Federal Reserve through its monitoring of international financial statistics.
Historical Context
This trend is relevant for understanding the financial health and borrowing patterns of households, which can inform economic and social policies.
Key Facts
- St. Kitts and Nevis is a Caribbean island nation.
- Commercial banks are a major source of household credit.
- Loan trends reflect consumer borrowing patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans made by commercial banks to households in St. Kitts and Nevis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of household borrowing and access to credit, which is important for understanding the financial health and economic conditions in St. Kitts and Nevis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through its monitoring of international financial statistics.
Q: How is this trend used in economic policy?
A: This trend can inform economic and social policies by providing insights into household indebtedness and access to credit, which are relevant for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting or updates, and it represents only a specific aspect of the overall financial services landscape in St. Kitts and Nevis.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for St. Kitts and Nevis (SKNFCSODCHXDC), retrieved from FRED.