Use of Financial Services, Assets: Outstanding Loans at Other Depository Corporations for Costa Rica
CRIFCSODXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,736,966,000,000.00
Year-over-Year Change
509.57%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding loans made by other depository corporations in Costa Rica. It provides insights into the level of financial intermediation and lending activity 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 at other depository corporations, such as banks and credit unions, represent a key indicator of financial services utilization and access to credit in Costa Rica. This data series is used by economists and policymakers to assess the breadth and depth of the country's financial system.
Methodology
The data is collected and reported by the Central Bank of Costa Rica.
Historical Context
This trend is closely watched by financial regulators and investors to gauge the overall health and stability of Costa Rica's financial sector.
Key Facts
- Costa Rica has a relatively well-developed financial system.
- Lending by other depository corporations accounts for a significant portion of total credit in the economy.
- Outstanding loans have grown steadily in recent years, reflecting increased financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans made by other depository corporations, such as banks and credit unions, in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial intermediation and access to credit in the Costa Rican economy, which is important for assessing the health and stability of the financial sector.
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: This trend is closely monitored by financial regulators and investors to gauge the overall health and stability of Costa Rica's financial system, which is relevant for policymaking and investment decisions.
Q: Are there update delays or limitations?
A: The data is published with a relatively short delay, and there are no major known limitations in its coverage or reliability.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Depository Corporations for Costa Rica (CRIFCSODXDC), retrieved from FRED.