Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Costa Rica
CRIFCIODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
-32.26%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of credit unions and financial cooperatives operating in Costa Rica. It provides insights into the geographical outreach and accessibility of financial 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 Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Costa Rica series tracks the total number of these institutions, which play a vital role in providing financial services and inclusive banking to communities across the country.
Methodology
The data is collected by Costa Rica's central bank through surveys and administrative records.
Historical Context
This trend is used by policymakers and financial regulators to monitor the development of the country's financial infrastructure and access to credit.
Key Facts
- Costa Rica has over 700 credit unions and financial cooperatives.
- These institutions serve over 1.5 million members nationwide.
- The number of cooperatives has grown by 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of credit unions and financial cooperatives operating in Costa Rica, providing insights into the geographical outreach and accessibility of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the development and penetration of community-based financial institutions, which play a crucial role in promoting financial inclusion and economic growth in Costa Rica.
Q: How is this data collected or calculated?
A: The data is collected by Costa Rica's central bank through surveys and administrative records of credit unions and financial cooperatives operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this trend to monitor the growth and distribution of the country's financial infrastructure, which informs policies aimed at expanding access to credit and promoting inclusive banking.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be a lag of several months between the reporting period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Costa Rica (CRIFCIODUNUM), retrieved from FRED.