Geographical Outreach: Number of Commercial Banks for Antigua and Barbuda
ATGFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-50.00%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of commercial banks operating in Antigua and Barbuda. It is an important indicator of financial sector development and access to banking 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 Geographical Outreach: Number of Commercial Banks for Antigua and Barbuda series tracks the total number of commercial banks with brick-and-mortar branches and operations in the twin-island nation. This metric provides insight into the level of financial inclusion and banking infrastructure available to households and businesses.
Methodology
The data is collected and reported by the Central Bank of Antigua and Barbuda.
Historical Context
This trend is closely monitored by policymakers, development institutions, and economists to assess the progress of financial sector deepening initiatives.
Key Facts
- Antigua and Barbuda has a population of approximately 97,000 people.
- The country has a gross domestic product (GDP) of around $1.5 billion.
- The banking sector accounts for over 10% of Antigua and Barbuda's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks with physical branches and operations in Antigua and Barbuda. It is an indicator of financial sector development and banking infrastructure in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the level of financial inclusion and access to banking services in Antigua and Barbuda, which is crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Antigua and Barbuda.
Q: How is this trend used in economic policy?
A: Policymakers, development institutions, and economists closely monitor this trend to assess the progress of financial sector deepening initiatives and identify areas for improvement in banking infrastructure and financial inclusion.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Central Bank of Antigua and Barbuda, but there may be occasional delays in reporting.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Antigua and Barbuda (ATGFCIODCNUM), retrieved from FRED.