Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Dominica
DMAFCIOFMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
142.86%
Date Range
1/1/2007 - 1/1/2017
Summary
The 'Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Dominica' trend measures the number of financial institutions, corporations, and intermediaries operating in the Caribbean island nation of Dominica. This data is important for understanding the depth and breadth of the country's financial sector.
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
This economic series tracks the total number of non-bank financial institutions, investment funds, and other financial intermediaries registered and operating in Dominica. It provides insight into the country's financial infrastructure and the diversity of its financial services marketplace.
Methodology
The data is collected and reported by the Central Bank of Dominica.
Historical Context
Policymakers and analysts use this trend to gauge the development and competitiveness of Dominica's financial industry.
Key Facts
- Dominica has over 60 registered financial institutions.
- The financial sector accounts for 7% of Dominica's GDP.
- Dominica aims to position itself as a regional financial hub.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, corporations, and intermediaries operating in Dominica, including investment funds, insurance companies, and other non-bank financial entities.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the depth and breadth of Dominica's financial sector, which is an important indicator of economic development and the country's ability to attract investment and support financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Dominica.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the competitiveness and growth of Dominica's financial industry, which is a key focus area for the country's economic development strategy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent changes in Dominica's financial landscape.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Dominica (DMAFCIOFMNUM), retrieved from FRED.