Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Colombia
COLFCSODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,335,210,000,000.00
Year-over-Year Change
106.29%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding loans at credit unions and financial cooperatives in Colombia, providing insight into the use 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 Credit Unions and Financial Cooperatives for Colombia series tracks the total value of outstanding loans held by credit unions and financial cooperatives in the Colombian financial system. This metric offers economists and policymakers a view into the level of financial intermediation and access to credit for households and businesses.
Methodology
The data is collected by the Central Bank of Colombia through surveys of credit unions and financial cooperatives.
Historical Context
This trend is used to monitor the health and activity of the cooperative financial sector in Colombia, which plays a key role in providing credit to underserved populations.
Key Facts
- Colombia has over 200 credit unions and financial cooperatives.
- Cooperative financial institutions hold over 10% of total financial assets in Colombia.
- Outstanding loans at credit unions and cooperatives have grown by 50% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by credit unions and financial cooperatives in the Colombian financial system.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insight into the level of financial intermediation and access to credit for households and businesses through the cooperative financial sector in Colombia.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Colombia through surveys of credit unions and financial cooperatives.
Q: How is this trend used in economic policy?
A: This trend is used to monitor the health and activity of the cooperative financial sector in Colombia, which plays a key role in providing credit to underserved populations.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
Related Trends
Amount Outstanding Due within One Year of International Debt Securities for General Government Sector, Residence of Issuer in Colombia
IDS1YMAORIGGCO
Consumer Price Index: Health (COICOP 06): Total for Colombia
COLCP060000GPQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Colombia
COLCP050000GYQ
Infra-Annual Labor Statistics: Employment Rate Male: 15 Years or over for Colombia
COLLREMTTMASTSAM
Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Colombia
COLFCDODDSPENUM
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Colombia
COLPRMNTO01IXOBSAM
Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Colombia (COLFCSODUXDC), retrieved from FRED.