Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Costa Rica
CRIFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,754,415,243,006.42
Year-over-Year Change
216.22%
Date Range
1/1/2004 - 1/1/2023
Summary
The 'Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Costa Rica' metric measures the total value of outstanding loans provided by non-bank financial institutions in Costa Rica. This indicator offers insights into the broader financial landscape and access to credit within the country's 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
This data series tracks the total value of outstanding loans from non-bank deposit-taking institutions in Costa Rica, such as credit unions and finance companies. It provides a complement to the more commonly reported bank lending data, giving a more comprehensive view of credit conditions and financial intermediation in the country.
Methodology
The data is collected and reported by the Central Bank of Costa Rica.
Historical Context
Policymakers and analysts use this metric to assess the depth and diversity of Costa Rica's financial system and credit markets.
Key Facts
- Costa Rica's non-bank lending was valued at $7.4 billion as of the latest report.
- Outstanding loans from other deposit takers account for over 10% of Costa Rica's total credit market.
- Loan growth from non-bank institutions has outpaced banks in Costa Rica in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of outstanding loans provided by non-bank financial institutions in Costa Rica, such as credit unions and finance companies.
Q: Why is this trend relevant for users or analysts?
A: This data offers insights into the broader financial landscape and access to credit within Costa Rica's economy, complementing more commonly reported bank lending figures.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the depth and diversity of Costa Rica's financial system and credit markets.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Central Bank of Costa Rica, with potential lags in reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Costa Rica (CRIFCSODDXDC), retrieved from FRED.