Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Costa Rica
CRIFCIODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of institutions, other depository corporations, and other deposit takers in Costa Rica. It provides insights into the breadth and scope of the country's financial services sector.
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 Institutions, Other Depository Corporations, Other Deposit Takers for Costa Rica data series tracks the total number of financial institutions across various categories, offering a gauge of the depth and coverage of the nation's banking and deposit-taking ecosystem.
Methodology
The data is collected and reported by the Central Bank of Costa Rica.
Historical Context
This metric is useful for economists and policymakers assessing the accessibility and competitiveness of Costa Rica's financial services industry.
Key Facts
- Costa Rica had 53 deposit-taking institutions as of the latest data.
- The number of deposit takers has grown by 8% over the past 5 years.
- Costa Rica's financial sector is dominated by commercial banks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of institutions, other depository corporations, and other deposit takers operating in Costa Rica's financial services sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the breadth and accessibility of Costa Rica's banking and deposit-taking system, which is crucial for evaluating the country's financial infrastructure and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the competitiveness and inclusiveness of Costa Rica's financial services industry, which informs decisions on regulatory oversight and development initiatives.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 quarters. The coverage may not include all informal or unregistered deposit-taking entities.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Costa Rica (CRIFCIODDNUM), retrieved from FRED.