Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Costa Rica
CRIFCAODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,167,660.00
Year-over-Year Change
77.47%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the use of financial services deposit accounts at other depository corporations in Costa Rica. It provides insight into the level of financial inclusion and access to formal 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 Other Depository Corporations for Costa Rica metric tracks the number of deposit accounts held at banks and other depository institutions in the country. This data point is a key indicator of financial access and inclusion within the Costa Rican economy.
Methodology
The data is collected through surveys and reporting from financial institutions in Costa Rica.
Historical Context
This trend is used by economists and policymakers to evaluate financial sector development and identify opportunities to expand access to banking services.
Key Facts
- Costa Rica had over 4 million deposit accounts in 2020.
- The number of deposit accounts has grown by 25% over the past decade.
- Access to formal banking services remains a challenge for rural and low-income populations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at banks and other depository institutions in Costa Rica, providing insight into financial inclusion and access to formal banking services.
Q: Why is this trend relevant for users or analysts?
A: This data point is a key indicator of financial sector development and can help identify opportunities to expand access to banking services, which is crucial for economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial institutions in Costa Rica.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to evaluate financial inclusion and develop policies to increase access to banking services, particularly in underserved communities.
Q: Are there update delays or limitations?
A: The data may be subject to occasional reporting delays, and the coverage of financial institutions may not be comprehensive across all regions of Costa Rica.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Costa Rica (CRIFCAODNUM), retrieved from FRED.