People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Costa Rica
DDAI07CRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.46
Year-over-Year Change
74.24%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic indicator tracks the percentage of the Costa Rican population aged 15 and older who have borrowed from a financial institution in the past year. It provides insights into access to credit and financial inclusion 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 'People 15 Years and Over Borrowing from a Financial Institution in the Past Year' statistic represents the share of the Costa Rican adult population that has utilized formal credit channels over the previous 12 months. This metric is used by economists and policymakers to assess financial sector development and overall financial inclusion in the country.
Methodology
The data is collected through household surveys conducted by the World Bank.
Historical Context
This indicator is relevant for evaluating financial market performance and identifying opportunities to expand access to credit and banking services.
Key Facts
- Costa Rica's borrowing rate from financial institutions was 47.3% in 2017.
- The borrowing rate has increased from 36.8% in 2011 to 47.3% in 2017.
- Costa Rica's borrowing rate is higher than the Latin American and Caribbean regional average of 45.3%.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of the Costa Rican adult population (ages 15 and older) who have borrowed from a formal financial institution, such as a bank or credit union, in the past year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and access to credit in Costa Rica, which are important factors for economic development and household financial stability.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate the performance of the financial sector and identify opportunities to expand access to credit and banking services.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the survey may not capture all informal borrowing activities.
Related Trends
Consumer Opinion Surveys: Composite Consumer Confidence for Costa Rica
CRICSCICP02STSAQ
Number of Identified Exporters to Costa Rica from Mississippi
MSCRIA475SCEN
Number of Bank Accounts for Costa Rica
DDAI01CRA642NWDB
Ease of doing business index for Costa Rica
ICBUSEASEXQCRI
Provisions to Non-Performing Loans for Costa Rica
DDSI07CRA156NWDB
Purchasing Power Parity, Share of World for Costa Rica
CRIPPPSH
Citation
U.S. Federal Reserve, People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Costa Rica (DDAI07CRA156NWDB), retrieved from FRED.