Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Costa Rica
CRIFCAODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,916,705.00
Year-over-Year Change
166.19%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of financial services deposit accounts held at commercial banks in Costa Rica. It provides insight into the level of financial inclusion and access to banking 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 Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Costa Rica series tracks the total number of deposit accounts held by individuals and businesses at commercial banks in the country. This metric is used by economists and policymakers to assess financial access and the degree of financial inclusion within the Costa Rican economy.
Methodology
The data is collected by the Central Bank of Costa Rica through surveys of commercial banking institutions.
Historical Context
This trend is relevant for analyzing financial sector development and supporting policies that promote broader access to formal banking services.
Key Facts
- Costa Rica had over 4.5 million deposit accounts at commercial banks as of the latest data.
- The number of deposit accounts has grown by over 50% in the past decade.
- Access to banking services remains uneven, with significant rural-urban disparities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by individuals and businesses at commercial banks in Costa Rica. It provides insight into financial inclusion and access to banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the development of Costa Rica's financial sector and the degree to which the population has access to formal banking services.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Costa Rica through surveys of commercial banking institutions.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to analyze financial inclusion and design policies that promote broader access to banking services, particularly in underserved rural areas.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Costa Rica, but there may be some delays in reporting and potential coverage limitations in certain regions.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Costa Rica (CRIFCAODCNUM), retrieved from FRED.