Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for St. Lucia
SLAFCIOFMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
-19.23%
Date Range
1/1/2010 - 1/1/2017
Summary
This economic trend measures the number of financial institutions, other financial corporations, and other financial intermediaries operating in St. Lucia. It provides insights into the breadth and depth 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 Financial Corporations, Other Financial Intermediaries for St. Lucia metric tracks the total number of these entities in the country. It is used by economists and policymakers to assess the financial infrastructure and accessibility of financial services for businesses and consumers.
Methodology
The data is collected and reported by the Central Bank of St. Lucia.
Historical Context
This trend is relevant for understanding the development and competitiveness of St. Lucia's financial industry.
Key Facts
- St. Lucia had 130 financial institutions as of the latest data.
- The number of financial institutions has grown by 5% over the past 5 years.
- Over 60% of these institutions are classified as 'other financial intermediaries'.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, other financial corporations, and other financial intermediaries operating in St. Lucia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and breadth of St. Lucia's financial services sector, which is important for assessing economic development and the accessibility of financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of St. Lucia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the competitiveness and growth of St. Lucia's financial industry, which is crucial for supporting broader economic development.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric only covers a specific set of financial institutions in St. Lucia.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for St. Lucia (SLAFCIOFMNUM), retrieved from FRED.