Use of Financial Services: Number of Borrowers at Other Depository Corporations for Costa Rica
CRIFCRODPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,376,703.00
Year-over-Year Change
47.80%
Date Range
1/1/2006 - 1/1/2017
Summary
This economic trend measures the number of borrowers at other depository corporations in Costa Rica. It provides insights into the use of financial services and access to credit in the Costa Rican 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: Number of Borrowers at Other Depository Corporations for Costa Rica' series tracks the total number of individuals or entities that have taken out loans or credit from banks and other financial institutions in Costa Rica. This metric is used to gauge financial inclusion and the overall health of the country's credit markets.
Methodology
The data is collected by the Central Bank of Costa Rica through surveys and regulatory reporting from financial institutions.
Historical Context
Policymakers and analysts use this trend to monitor credit conditions and inform decisions about financial sector regulations and policies.
Key Facts
- Costa Rica has a population of over 5 million people.
- The number of borrowers peaked at 2.1 million in 2019.
- The financial services sector accounts for 5% of Costa Rica's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals and entities that have taken out loans or credit from banks and other financial institutions in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and the overall health of Costa Rica's credit markets, which is important for policymakers and economists analyzing the country's economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Costa Rica through surveys and regulatory reporting from financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor credit conditions and inform decisions about financial sector regulations and policies in Costa Rica.
Q: Are there update delays or limitations?
A: The data is published with a 2-3 month delay, and may not capture all informal lending activities.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Borrowers at Other Depository Corporations for Costa Rica (CRIFCRODPENUM), retrieved from FRED.