Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for St. Kitts and Nevis
SKNFCIODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of other depository corporations, or 'other deposit takers', operating in St. Kitts and Nevis. It provides insight into the depth and accessibility of the country's financial services 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
The 'Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers' metric tracks the total count of financial institutions other than central banks that accept deposits and provide lending services in St. Kitts and Nevis. This indicator offers valuable context about the breadth of the nation's banking and credit system.
Methodology
The data is collected and reported by the St. Kitts and Nevis central bank.
Historical Context
This metric is used by policymakers, economists, and investors to assess the scope of financial intermediation and inclusion in the St. Kitts and Nevis economy.
Key Facts
- St. Kitts and Nevis had 31 other deposit-taking institutions as of the latest data.
- The number of deposit takers has increased by 6% over the past 5 years.
- Financial inclusion is a key policy priority for the St. Kitts and Nevis government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, excluding central banks, that accept deposits and provide lending services in St. Kitts and Nevis.
Q: Why is this trend relevant for users or analysts?
A: This metric offers valuable insight into the depth and accessibility of the financial services sector in St. Kitts and Nevis, which is important for assessing economic development and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the central bank of St. Kitts and Nevis.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this metric to evaluate the scope of financial intermediation and inclusion in the St. Kitts and Nevis economy.
Q: Are there update delays or limitations?
A: There may be lags in reporting the most recent data, and the metric does not capture the size or performance of individual institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for St. Kitts and Nevis (SKNFCIODDNUM), retrieved from FRED.