Geographical Outreach: Number of Commercial Banks for St. Lucia
SLAFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-33.33%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of commercial banks operating in St. Lucia. It provides insights into the breadth of the country's banking infrastructure and financial access for businesses and individuals.
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 Commercial Banks for St. Lucia statistic tracks the total count of licensed commercial banks with physical branches or locations in the country. This metric is used by economists and policymakers to assess the depth and reach of the nation's banking system.
Methodology
The data is collected and reported by the Eastern Caribbean Central Bank.
Historical Context
This trend is relevant for analyzing financial inclusion, economic development, and the competitive landscape of St. Lucia's banking sector.
Key Facts
- St. Lucia had 6 commercial banks as of the latest data.
- The number of banks has remained relatively stable over the past decade.
- Banking services are concentrated in the capital city of Castries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of licensed commercial banks with physical branches or locations operating in St. Lucia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the breadth and accessibility of banking services for businesses and individuals in St. Lucia, which is important for assessing financial inclusion and economic development.
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 trend to analyze the competitive landscape and accessibility of the banking sector in St. Lucia, which informs decisions related to financial inclusion, economic development, and banking regulation.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, so there may be a delay of up to a year in the most recent figures.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for St. Lucia (SLAFCIODCNUM), retrieved from FRED.