Use of Financial Services: Key Indicators, Depositors with Credit Unions and Financial Cooperatives Per 1000 Adults for Costa Rica
CRIFCDODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
170.96
Year-over-Year Change
47.65%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of depositors with credit unions and financial cooperatives per 1,000 adults in Costa Rica. It provides insights into financial inclusion and the usage of alternative banking services 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: Key Indicators, Depositors with Credit Unions and Financial Cooperatives Per 1000 Adults' series tracks the accessibility and utilization of credit union and cooperative financial services in Costa Rica. This metric is an important indicator of financial inclusion and the diversification of banking options beyond traditional commercial banks.
Methodology
The data is collected and calculated by Costa Rican financial authorities.
Historical Context
This trend is used by policymakers, economists, and financial analysts to evaluate the development of Costa Rica's financial sector and access to banking services.
Key Facts
- Credit unions and cooperatives serve over 1 million Costa Rican adults.
- Costa Rica has one of the highest rates of credit union/cooperative usage in Latin America.
- The number of depositors per 1,000 adults has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors with credit unions and financial cooperatives per 1,000 adults in Costa Rica, providing insights into financial inclusion and usage of alternative banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial sector development and access to diverse banking options beyond traditional commercial banks in Costa Rica.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Costa Rican financial authorities.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this trend to evaluate the growth and accessibility of credit union and cooperative banking services in Costa Rica.
Q: Are there update delays or limitations?
A: The data is published regularly by Costa Rican authorities with minimal update delays.
Related Trends
Inflation, consumer prices for Costa Rica
FPCPITOTLZGCRI
Bank's Net Interest Margin for Costa Rica
DDEI01CRA156NWDB
Provisions to Non-Performing Loans for Costa Rica
DDSI07CRA156NWDB
Use of Financial Services: Number of Depositors at Other Depository Corporations for Costa Rica
CRIFCDODPENUM
Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Costa Rica
CRIFCBODUANUM
Value of Exports to Costa Rica from Virginia
VACRIA052SCEN
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors with Credit Unions and Financial Cooperatives Per 1000 Adults for Costa Rica (CRIFCDODUANUM), retrieved from FRED.