Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for St. Lucia
SLAFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
222,406,000.00
Year-over-Year Change
3.93%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the outstanding loans at other deposit-taking institutions in St. Lucia, providing insights into the level of financial services and assets 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 Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for St. Lucia metric tracks the total value of loans extended by financial institutions other than commercial banks in the Caribbean island nation. This data point is useful for understanding the depth and diversity of St. Lucia's financial system.
Methodology
The data is collected by the Central Bank of St. Lucia through surveys of non-bank deposit-taking institutions.
Historical Context
This trend is relevant for policymakers and analysts evaluating the health and development of St. Lucia's financial sector.
Key Facts
- St. Lucia is a small island nation in the Caribbean Sea.
- The financial services sector is a key part of St. Lucia's economy.
- Tracking non-bank lending is important for understanding financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans made by financial institutions other than commercial banks in St. Lucia, providing insights into the depth of the country's financial services sector.
Q: Why is this trend relevant for users or analysts?
A: This data point is useful for understanding the development and diversity of St. Lucia's financial system, which is an important driver of economic growth and stability.
Q: How is this data collected or calculated?
A: The Central Bank of St. Lucia collects this data through surveys of non-bank deposit-taking institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the health and access to financial services in St. Lucia, which can inform decisions around financial sector regulation and development programs.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines of the Central Bank of St. Lucia, and may not reflect real-time changes in the financial services market.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for St. Lucia (SLAFCSODDXDC), retrieved from FRED.