Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Costa Rica
CRIFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,850.28
Year-over-Year Change
125.73%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of deposit accounts with commercial banks per 1,000 adults in Costa Rica. It provides insights into financial inclusion and the use of basic banking services by the population.
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, Deposit Accounts with Commercial Banks Per 1000 Adults for Costa Rica' tracks the density of deposit accounts held at commercial banks relative to the adult population. This metric serves as an indicator of financial inclusion and access to essential banking infrastructure.
Methodology
The data is collected and reported by the Costa Rican central bank.
Historical Context
This trend is used by policymakers and economists to evaluate financial sector development and progress towards greater economic participation.
Key Facts
- Costa Rica had 761 deposit accounts per 1,000 adults in 2020.
- The number of deposit accounts per capita has steadily increased over the past decade.
- Access to basic banking services is an important driver of financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at commercial banks per 1,000 adults in Costa Rica. It provides insight into the level of financial inclusion and access to basic banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the development of the financial sector and progress towards greater economic participation and financial inclusion in Costa Rica.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Costa Rican central bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state of financial sector development and guide policies aimed at improving access to banking services and promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is published regularly by the Costa Rican central bank, but there may be some delays in reporting or limitations in coverage that users should be aware of.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Costa Rica (CRIFCAODCANUM), retrieved from FRED.