Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Costa Rica
CRIFCSODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,041,037,829,753.69
Year-over-Year Change
234.58%
Date Range
1/1/2004 - 1/1/2023
Summary
The 'Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Costa Rica' measures the total value of outstanding loans held by credit unions and financial cooperatives in Costa Rica. This metric provides insight into the level of financial inclusion and access to credit 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
This economic trend represents the total outstanding value of loans held by credit unions and financial cooperatives in Costa Rica. It serves as an indicator of the utilization of these community-based financial institutions and the overall access to credit within the Costa Rican economy.
Methodology
The data is collected directly from credit unions and financial cooperatives operating in Costa Rica.
Historical Context
This metric is used by policymakers and economists to assess financial inclusion and the depth of credit markets in the country.
Key Facts
- Costa Rica has over 300 active credit unions and financial cooperatives.
- Outstanding loans held by these institutions totaled over $4 billion in 2021.
- Credit unions serve over 1 million Costa Rican members, or about 20% of the population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by credit unions and financial cooperatives in Costa Rica. It provides insight into financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding the depth and utilization of community-based financial institutions in Costa Rica, which play a key role in providing credit and banking services to individuals and small businesses.
Q: How is this data collected or calculated?
A: The data is collected directly from credit unions and financial cooperatives operating in Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess financial inclusion and the overall depth of credit markets in the Costa Rican economy.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into the Costa Rican financial system.
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CRIFCNODNUM
Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Costa Rica (CRIFCSODUXDC), retrieved from FRED.