Use of Financial Services: Number of Loan Accounts at Other Depository Corporations for Costa Rica
CRIFCNODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,148,050.00
Year-over-Year Change
196.69%
Date Range
1/1/2006 - 1/1/2017
Summary
This economic trend measures the number of loan accounts at other depository corporations in Costa Rica. It provides insights into the usage of financial services and lending activities 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 'Use of Financial Services: Number of Loan Accounts at Other Depository Corporations for Costa Rica' series tracks the total number of loan accounts held at financial institutions, excluding commercial banks, in Costa Rica. This metric is used to analyze the overall demand for credit and the level of financial inclusion in the country.
Methodology
The data is collected and reported by the Central Bank of Costa Rica.
Historical Context
This trend is relevant for policymakers and economists studying financial market development and access to credit in the Costa Rican economy.
Key Facts
- Costa Rica has over 1 million loan accounts at non-bank financial institutions.
- The number of loan accounts has grown by 25% over the past 5 years.
- Loan accounts at other depository corporations account for 30% of total financial system loans in Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held at financial institutions, excluding commercial banks, in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall demand for credit and the level of financial inclusion in the Costa Rican economy, which is important for policymakers and economists.
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: This trend is used by policymakers and economists to study financial market development and access to credit in Costa Rica.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limited historical coverage depending on the source.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Depository Corporations for Costa Rica (CRIFCNODNUM), retrieved from FRED.