Geographical Outreach: Number of Commercial Banks for St. Vincent and the Grenadines
SVGFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-25.00%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of commercial banks operating in St. Vincent and the Grenadines, providing insights into the country's financial infrastructure and access to banking services.
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 Commercial Banks for St. Vincent and the Grenadines is an important indicator for monitoring the development and accessibility of the financial sector in this Caribbean nation. It reflects the availability of banking services and can be used to analyze trends in financial inclusion.
Methodology
The data is collected and reported by the Central Bank of St. Vincent and the Grenadines.
Historical Context
This trend is relevant for policymakers, economists, and investors interested in the financial landscape and economic growth of St. Vincent and the Grenadines.
Key Facts
- St. Vincent and the Grenadines had 7 commercial banks as of 2021.
- The number of commercial banks in the country has remained relatively stable over the past decade.
- Financial inclusion is a key priority for the government of St. Vincent and the Grenadines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial banks operating in St. Vincent and the Grenadines, providing insights into the country's financial infrastructure and access to banking services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and investors interested in the financial landscape and economic growth of St. Vincent and the Grenadines, as it reflects the availability of banking services and can be used to analyze trends in financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of St. Vincent and the Grenadines.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and investors to monitor the development of the financial sector and assess the progress of financial inclusion initiatives in St. Vincent and the Grenadines.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of St. Vincent and the Grenadines, but there may be occasional delays in reporting or updates.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for St. Vincent and the Grenadines (SVGFCIODCNUM), retrieved from FRED.