Geographical Outreach: Number of Commercial Banks for Costa Rica
CRIFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
-12.50%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial banks operating in Costa Rica. It is an important indicator of the country's financial infrastructure and access to banking services.
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 Geographical Outreach: Number of Commercial Banks for Costa Rica data series tracks the total count of commercial banks with physical branches located within the country. This metric provides insight into the breadth and depth of the domestic banking system.
Methodology
The data is collected by the Central Bank of Costa Rica through surveys of financial institutions.
Historical Context
Policymakers and analysts use this trend to assess the development and competitiveness of Costa Rica's banking sector.
Key Facts
- Costa Rica had 53 commercial banks as of the latest data.
- The number of banks has remained relatively stable over the past decade.
- The banking sector accounts for over 50% of Costa Rica's financial assets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks operating with physical branches located within Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks is an important indicator of the breadth and depth of a country's financial infrastructure and access to 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 financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the development and competitiveness of Costa Rica's banking sector.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal update delays.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Costa Rica (CRIFCIODCNUM), retrieved from FRED.