Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for St. Kitts and Nevis
SKNFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,059,495,000.00
Year-over-Year Change
47.23%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans at commercial banks in St. Kitts and Nevis, providing insights into the country's financial services and asset utilization.
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 Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for St. Kitts and Nevis metric tracks the volume of loans extended by commercial banks in the country. This data point is valuable for economists and policymakers to assess the level of financial intermediation and credit availability within the St. Kitts and Nevis economy.
Methodology
The data is collected directly from commercial banks operating in St. Kitts and Nevis.
Historical Context
This trend is used to monitor the health and development of the financial sector and guide policy decisions.
Key Facts
- St. Kitts and Nevis is a Caribbean island country.
- Commercial banks are a key financial intermediary in the country.
- Loan volume is an indicator of economic activity and credit access.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans at commercial banks in St. Kitts and Nevis, providing insights into the country's financial services and asset utilization.
Q: Why is this trend relevant for users or analysts?
A: This data point is valuable for economists and policymakers to assess the level of financial intermediation and credit availability within the St. Kitts and Nevis economy.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in St. Kitts and Nevis.
Q: How is this trend used in economic policy?
A: This trend is used to monitor the health and development of the financial sector and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and practices of the commercial banks in St. Kitts and Nevis.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for St. Kitts and Nevis (SKNFCSODCXDC), retrieved from FRED.