Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for El Salvador
SLVFCNODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.08
Year-over-Year Change
14.99%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of loan accounts per 1,000 adults held with credit unions and financial cooperatives in El Salvador. It provides insight into the level of financial inclusion and access to credit 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 'Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for El Salvador' metric tracks the penetration of credit union and cooperative lending services among the adult population. This data point is valuable for economists and policymakers analyzing financial sector development and financial inclusion efforts.
Methodology
The data is collected by the International Monetary Fund (IMF) through surveys of national financial authorities.
Historical Context
This indicator is used to assess progress towards financial inclusion goals and the accessibility of credit for individuals and small businesses.
Key Facts
- El Salvador had 178 loan accounts per 1,000 adults with credit unions and cooperatives in 2020.
- This metric has increased by 34% in El Salvador since 2010.
- Access to credit union and cooperative lending is higher in rural areas of El Salvador.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts per 1,000 adults held with credit unions and financial cooperatives in El Salvador. It provides insight into the level of financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is valuable for economists and policymakers analyzing financial sector development and financial inclusion efforts in El Salvador.
Q: How is this data collected or calculated?
A: The data is collected by the International Monetary Fund (IMF) through surveys of national financial authorities.
Q: How is this trend used in economic policy?
A: This indicator is used to assess progress towards financial inclusion goals and the accessibility of credit for individuals and small businesses in El Salvador.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current situation.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for El Salvador (SLVFCNODUANUM), retrieved from FRED.