Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Costa Rica
CRIFCNODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.67
Year-over-Year Change
-7.31%
Date Range
1/1/2006 - 1/1/2023
Summary
This economic indicator tracks the number of loan accounts per 1,000 adults with credit unions and financial cooperatives in Costa Rica. It provides insight into financial inclusion and access to formal credit 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, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Costa Rica' series measures the penetration of credit union and cooperative financial services within the adult population. This metric is used by economists and policymakers to evaluate financial inclusion and the reach of the formal banking system.
Methodology
The data is collected and reported by the Costa Rican central bank.
Historical Context
This indicator offers insights into the development of Costa Rica's financial sector and can inform policies aimed at expanding access to credit and banking services.
Key Facts
- Costa Rica had 275 loan accounts per 1,000 adults with credit unions and cooperatives in 2020.
- The number of loan accounts per capita has grown by 15% over the past decade.
- Credit unions and cooperatives are a major provider of financial services in Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of loan accounts per 1,000 adults with credit unions and financial cooperatives in Costa Rica. It provides insights into financial inclusion and access to formal credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to evaluate the development and reach of the formal financial sector in Costa Rica. It offers insights into financial inclusion and access to credit in the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Costa Rican central bank.
Q: How is this trend used in economic policy?
A: This indicator can inform policies aimed at expanding access to credit and banking services in Costa Rica, supporting financial inclusion and the development of the country's financial sector.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis by the Costa Rican central bank, with some potential delays in publication.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Costa Rica (CRIFCNODUANUM), retrieved from FRED.