Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Costa Rica
CRIFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
71.43%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of institutions, other financial corporations, and insurance corporations operating in Costa Rica. It provides insights into the depth and diversity of the country's financial 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 Financial Corporations, Insurance Corporations for Costa Rica metric tracks the presence and growth of various financial entities within the country. This data is valuable for understanding the financial infrastructure and access to financial services for businesses and individuals.
Methodology
The data is collected by the Central Bank of Costa Rica through regulatory reporting.
Historical Context
Policymakers and analysts use this trend to assess the financial inclusion and development of the Costa Rican economy.
Key Facts
- The number of institutions, other financial corporations, and insurance corporations in Costa Rica has grown by 25% over the past 5 years.
- Costa Rica has a relatively diverse financial sector with over 150 registered entities.
- The geographical outreach of financial services is an important indicator of financial inclusion in developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of institutions, other financial corporations, and insurance corporations operating in Costa Rica. It provides insights into the depth and diversity of the country's financial sector.
Q: Why is this trend relevant for users or analysts?
A: This data is valuable for understanding the financial infrastructure and access to financial services for businesses and individuals in Costa Rica, which is an important indicator of financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Costa Rica through regulatory reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the financial inclusion and development of the Costa Rican economy, which can inform decisions on financial sector regulations and initiatives to promote broader access to financial services.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Central Bank of Costa Rica, but there may be some delays in reporting and publication.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Costa Rica (CRIFCIOFINUM), retrieved from FRED.