Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Costa Rica
CRIFCAODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
306.60
Year-over-Year Change
46.42%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of deposit accounts with credit unions and financial cooperatives per 1,000 adults in Costa Rica. It provides insight into the use of financial services and inclusion within 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, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Costa Rica' series tracks the level of financial inclusion and access to basic banking services in Costa Rica. It is a key metric used by economists and policymakers to evaluate financial sector development.
Methodology
The data is collected through surveys and reporting from credit unions and financial cooperatives in Costa Rica.
Historical Context
This trend is used to inform financial inclusion policies and monitor progress towards greater access to banking services.
Key Facts
- Costa Rica had 493 deposit accounts per 1,000 adults in 2021.
- Financial inclusion has increased in Costa Rica over the past decade.
- Credit unions and cooperatives play a significant role in providing banking services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts with credit unions and financial cooperatives per 1,000 adults in Costa Rica, providing insight into financial inclusion and access to basic banking services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists and policymakers to evaluate financial sector development and progress towards greater financial inclusion in Costa Rica.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from credit unions and financial cooperatives in Costa Rica.
Q: How is this trend used in economic policy?
A: This trend is used to inform financial inclusion policies and monitor progress towards greater access to banking services in Costa Rica.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the metric may not capture all informal financial activities.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Costa Rica (CRIFCAODUANUM), retrieved from FRED.