Geographical Outreach: Number of Credit Unions and Financial Cooperatives for St. Lucia
SLAFCIODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of credit unions and financial cooperatives in St. Lucia, providing insights into the geographical outreach and accessibility of financial 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 Credit Unions and Financial Cooperatives for St. Lucia statistic tracks the total count of these institutions, which play a crucial role in providing banking and financial services to communities across the island nation.
Methodology
The data is collected and compiled by the St. Lucia authorities responsible for overseeing the credit union and cooperative finance sectors.
Historical Context
This trend is closely monitored by policymakers, regulators, and financial sector analysts to assess the financial inclusion and accessibility landscape in St. Lucia.
Key Facts
- St. Lucia has over 30 registered credit unions and financial cooperatives.
- These institutions serve over 60% of the country's population.
- Credit unions in St. Lucia provide essential banking services to rural and underserved communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of credit unions and financial cooperatives operating in St. Lucia, providing insights into the geographical reach and accessibility of these financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding financial inclusion and the availability of banking services across St. Lucia, particularly in rural and underserved areas of the country.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the relevant authorities in St. Lucia responsible for overseeing the credit union and cooperative finance sectors.
Q: How is this trend used in economic policy?
A: Policymakers and regulators in St. Lucia closely monitor this trend to assess the state of financial inclusion and accessibility, and to inform policies and initiatives aimed at expanding the reach of banking and financial services.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting or updates, as it relies on the timely collection and compilation of information by the responsible authorities in St. Lucia.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Credit Unions and Financial Cooperatives for St. Lucia (SLAFCIODUNUM), retrieved from FRED.