Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Solomon Islands
SLBFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
33.33%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the number of financial institutions, other financial corporations, and insurance corporations operating in the Solomon Islands. It provides insight into the breadth and depth of the country's 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
The Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Solomon Islands measures the total count of these types of financial entities active in the country. This data is used by economists and policymakers to analyze the development and accessibility of financial services.
Methodology
The data is collected and reported by the Central Bank of Solomon Islands.
Historical Context
This trend is relevant for understanding the financial landscape and investment climate in the Solomon Islands.
Key Facts
- The number of financial institutions in Solomon Islands has grown steadily in recent years.
- Other financial corporations make up the largest segment of the country's financial sector.
- Insurance corporations play a key role in the Solomon Islands' financial landscape.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of financial institutions, other financial corporations, and insurance corporations operating in the Solomon Islands.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the depth and development of the Solomon Islands' financial sector, which is crucial for economic growth and investment.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Solomon Islands.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the accessibility and maturity of financial services in the Solomon Islands, informing decisions on financial sector regulation and development.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Central Bank of Solomon Islands, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Solomon Islands (SLBFCIOFINUM), retrieved from FRED.