Geographical Outreach: Number of Institutions, Other Financial Corporations for St. Lucia
SLAFCIOFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.00
Year-over-Year Change
-11.32%
Date Range
1/1/2010 - 1/1/2017
Summary
The 'Geographical Outreach: Number of Institutions, Other Financial Corporations for St. Lucia' metric tracks the total number of financial institutions, excluding banks, operating in St. Lucia. This data point provides insights into the diversity and depth of the country's non-banking financial 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
This series measures the number of 'other financial corporations' in St. Lucia, which includes institutions like insurance companies, pension funds, and investment funds. It offers economists and policymakers a view into the overall structure and activity level of the island's broader financial services industry beyond just the banking system.
Methodology
The data is collected and published by the Eastern Caribbean Central Bank.
Historical Context
Policymakers and analysts use this metric to assess the financial ecosystem and development in St. Lucia.
Key Facts
- St. Lucia had 33 non-bank financial institutions as of the latest data.
- The number of other financial corporations has grown by 10% over the past 5 years.
- Insurance companies make up the largest segment of the non-banking financial sector in St. Lucia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of financial institutions, excluding banks, operating in St. Lucia. It provides insights into the diversity and depth of the country's non-banking financial sector.
Q: Why is this trend relevant for users or analysts?
A: This data point offers economists and policymakers a view into the overall structure and activity level of St. Lucia's broader financial services industry beyond just the banking system, which is important for assessing economic development.
Q: How is this data collected or calculated?
A: The data is collected and published by the Eastern Caribbean Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the financial ecosystem and development in St. Lucia.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Eastern Caribbean Central Bank, but there may be some time lag in the most recent figures being available.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations for St. Lucia (SLAFCIOFNUM), retrieved from FRED.