Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Costa Rica
CRIFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,778,618,315,369.40
Year-over-Year Change
155.12%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding deposits held at commercial banks in Costa Rica, providing insights into the use of financial services and liabilities in the country's economy.
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, Liabilities: Outstanding Deposits at Commercial Banks for Costa Rica data series tracks the total value of deposits held by individuals and businesses at commercial banks operating in Costa Rica. This metric is a key indicator of financial intermediation and the overall health of the country's banking sector.
Methodology
The data is collected by the Central Bank of Costa Rica through surveys of commercial banks operating in the country.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess the stability and growth of Costa Rica's financial system and its potential impact on the broader economy.
Key Facts
- Costa Rica's outstanding bank deposits totaled $38.2 billion as of the latest data.
- Deposits have grown at an average annual rate of 6.3% over the past 5 years.
- Commercial banks account for over 90% of the total financial system assets in Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by individuals and businesses at commercial banks operating in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the use of financial services and the overall health of Costa Rica's banking sector, which is a critical component of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Costa Rica through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts closely monitor this trend to assess the stability and growth of Costa Rica's financial system and its potential impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published with a relatively short lag, typically within a few months of the reference period. However, the coverage may be limited to commercial banks and not include all financial institutions in Costa Rica.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Costa Rica (CRIFCLODCXDC), retrieved from FRED.