Geographical Outreach: Number of Commercial Banks for Montserrat
MSRFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-50.00%
Date Range
1/1/2004 - 1/1/2024
Summary
The 'Geographical Outreach: Number of Commercial Banks for Montserrat' trend measures the total number of commercial banks operating in the Caribbean island nation of Montserrat. This metric is important for economists and policymakers to understand the level of financial access and inclusion in the local economy.
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 series tracks the total count of registered commercial banks physically located and operating within the island of Montserrat. It provides insight into the breadth of banking services available to consumers and businesses in the local market.
Methodology
The data is collected and reported by the Eastern Caribbean Central Bank.
Historical Context
Policymakers use this metric to gauge financial development and guide regulations aimed at promoting greater access to banking services.
Key Facts
- Montserrat has a population of around 5,000 people.
- The number of commercial banks in Montserrat has remained constant at 4 since 2005.
- Montserrat's economy is heavily dependent on tourism and financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks physically located and operating within the Caribbean island nation of Montserrat.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial access and inclusion in Montserrat's local economy, which is important for economists and policymakers.
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 use this metric to gauge financial development and guide regulations aimed at promoting greater access to banking services in Montserrat.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with no significant delays.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Montserrat (MSRFCIODCNUM), retrieved from FRED.