Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Costa Rica
CRIFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,006,735,796,653.92
Year-over-Year Change
226.96%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held at deposit-taking institutions other than commercial banks in Costa Rica. It provides insight into the broader financial services landscape and usage patterns in 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 Outstanding Deposits at Other Deposit Takers metric captures deposits held at non-bank financial institutions such as credit unions, savings and loan associations, and other deposit-accepting entities in Costa Rica. This data point is used by economists and policymakers to analyze the depth and diversity of the nation's financial system.
Methodology
The data is collected through surveys and reporting from Costa Rica's central bank and other regulatory bodies.
Historical Context
This trend is relevant for assessing the overall stability and inclusiveness of Costa Rica's financial sector beyond just commercial banking.
Key Facts
- Costa Rica has a diverse financial system beyond just commercial banks.
- Deposits at non-bank institutions account for a significant portion of overall financial services usage.
- The Outstanding Deposits metric provides insight into financial inclusion in Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held at deposit-taking institutions in Costa Rica other than commercial banks, such as credit unions and savings associations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the broader financial services landscape in Costa Rica beyond just the commercial banking sector, helping analysts and policymakers assess financial inclusion and the diversity of the nation's financial system.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from Costa Rica's central bank and other financial regulatory bodies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the stability and inclusiveness of Costa Rica's financial sector, which can inform decisions around financial regulations, access to credit, and broader economic policies.
Q: Are there update delays or limitations?
A: The data is published with a slight lag, typically 1-2 months after the end of the reporting period. There may also be occasional revisions to historical data points.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Costa Rica (CRIFCLODDXDC), retrieved from FRED.