Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Costa Rica
CRIFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.30
Year-over-Year Change
1.83%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks in Costa Rica as a percentage of the country's gross domestic product (GDP). It provides insight into the level of financial intermediation and access to credit in the Costa Rican economy.
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 outstanding loans from commercial banks to GDP ratio is a key indicator of the use of financial services and the depth of the banking sector in Costa Rica. It reflects the ability of businesses and households to access credit, which is crucial for investment, consumption, and economic growth.
Methodology
The data is collected and calculated by the Central Bank of Costa Rica.
Historical Context
This trend is closely monitored by policymakers, investors, and analysts to assess the financial health and development of the Costa Rican economy.
Key Facts
- Costa Rica's outstanding commercial bank loans-to-GDP ratio was 36.4% in 2021.
- The ratio has fluctuated between 30-40% over the past decade.
- Access to credit is crucial for private investment and economic growth in Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks in Costa Rica as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The outstanding loans from commercial banks to GDP ratio is a key indicator of the use of financial services and the depth of the banking sector in Costa Rica, reflecting the ability of businesses and households to access credit, which is crucial for investment, consumption, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Costa Rica.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, investors, and analysts to assess the financial health and development of the Costa Rican economy.
Q: Are there update delays or limitations?
A: The data is regularly updated by the Central Bank of Costa Rica, but there may be some delays in reporting and publication.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Costa Rica (CRIFCSODCGGDPPT), retrieved from FRED.