Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Costa Rica
CRIFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
244.98
Year-over-Year Change
26.33%
Date Range
1/1/2006 - 1/1/2023
Summary
This economic trend tracks the number of borrowers from commercial banks per 1,000 adults in Costa Rica, providing insights into the use of financial services and access to 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, Borrowers from Commercial Banks Per 1000 Adults for Costa Rica' series measures the level of financial inclusion and banking penetration in the Costa Rican economy. It is a valuable indicator for policymakers and analysts assessing the development of the country's financial sector.
Methodology
The data is collected and reported by the Costa Rican Central Bank.
Historical Context
This trend is used to monitor financial access and credit availability, which are crucial factors for economic growth and development.
Key Facts
- Costa Rica has a population of over 5 million people.
- The number of commercial bank borrowers per 1,000 adults in Costa Rica was 302.8 in 2021.
- Financial inclusion is a key priority for the Costa Rican government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from commercial banks per 1,000 adults in Costa Rica, providing insights into the level of financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and analysts as it helps assess the development and accessibility of the financial sector, which is crucial for economic growth and financial stability.
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 trend is used by policymakers and institutions to monitor financial inclusion and access to credit, which are key factors for promoting economic development and financial stability in Costa Rica.
Q: Are there update delays or limitations?
A: The data is reported by the Costa Rican Central Bank, and there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Costa Rica (CRIFCRODCANUM), retrieved from FRED.