Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for Brazil
BRAFCRODUPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,542,668.00
Year-over-Year Change
456.73%
Date Range
1/1/2007 - 1/1/2024
Summary
This trend measures the number of persons borrowing from credit unions and financial cooperatives in Brazil. It provides insight into the utilization of financial services by Brazilian consumers.
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 Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for Brazil' series tracks the total number of individuals in Brazil who have taken out loans or other credit products from credit unions and cooperative financial institutions.
Methodology
The data is collected by the Central Bank of Brazil through surveys of financial institutions.
Historical Context
This metric is used by policymakers and analysts to monitor financial inclusion and access to credit in the Brazilian economy.
Key Facts
- Brazil has over 1,000 credit unions and financial cooperatives.
- Credit unions serve nearly 10% of the Brazilian population.
- Borrowing from credit unions grew by 8% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Brazil who have taken out loans or credit products from credit unions and cooperative financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into financial inclusion and access to credit in the Brazilian economy, which is important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Brazil through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers to monitor financial access and inclusion, which can inform decisions around regulation and programs to promote greater access to credit.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for Brazil (BRAFCRODUPENUM), retrieved from FRED.