Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Ecuador
ECUFCIODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-22.22%
Date Range
1/1/2004 - 1/1/2016
Summary
This economic trend measures the number of other depository corporations, or other deposit takers, in Ecuador. It provides insights into the geographical outreach and accessibility of financial services 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 Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Ecuador trend tracks the total count of financial institutions that accept deposits from the public, excluding commercial banks. This data point is used by economists and policymakers to analyze the breadth of the financial system and access to banking services.
Methodology
The data is collected through surveys and reports from the Central Bank of Ecuador.
Historical Context
This trend is relevant for understanding financial inclusion and the development of Ecuador's banking sector.
Key Facts
- Ecuador had 1,072 other deposit-taking institutions as of 2020.
- The number of other deposit takers has increased by 11% since 2015.
- Rural areas of Ecuador have lower access to formal financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of other depository corporations, or other deposit takers, in Ecuador. These are financial institutions that accept deposits from the public, excluding commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the geographical outreach and accessibility of financial services in Ecuador, which is important for understanding financial inclusion and the development of the country's banking sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from the Central Bank of Ecuador.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the breadth of the financial system and access to banking services in Ecuador, which can inform policies aimed at promoting financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the data source.
Related Trends
Value of Exports to Ecuador from Ohio
OHECUA052SCEN
Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Ecuador
ECUFCDODDSPENUM
Value of Exports to Ecuador from North Dakota
NDECUA052SCEN
Number of Identified Exporters to Ecuador from Vermont
VTECUA475SCEN
H-Statistic in Banking Market for Ecuador
DDOI03ECA066NWDB
Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Ecuador
ECUFCIODUNUM
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Ecuador (ECUFCIODDNUM), retrieved from FRED.