Number of Bank Accounts for Costa Rica
DDAI01CRA642NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,456.13
Year-over-Year Change
43.60%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Accounts for Costa Rica' trend tracks the total number of bank accounts held by individuals and businesses in Costa Rica. This metric provides insight into the country's financial inclusion and the level of access to banking services.
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 indicator represents the total number of deposit accounts held at commercial banks and other financial institutions in Costa Rica. It is a measure of the overall level of financial intermediation and access to the formal banking system within the country.
Methodology
The data is collected by the World Bank from national central bank and financial sector authorities.
Historical Context
Policymakers and economists use this metric to analyze financial deepening and assess the effectiveness of initiatives to promote broader access to banking services.
Key Facts
- Costa Rica has over 3.3 million bank accounts as of the latest data.
- The number of accounts has grown by over 50% in the past decade.
- Over 60% of Costa Rican adults have a bank account.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Accounts for Costa Rica' tracks the total number of deposit accounts held at banks and other financial institutions in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into financial inclusion and the level of access to banking services in Costa Rica, which are important factors for economic development and stability.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national central bank and financial sector authorities in Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to analyze financial deepening and assess the effectiveness of initiatives to promote broader access to banking services.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be some variability in reporting across different financial institutions.
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Citation
U.S. Federal Reserve, Number of Bank Accounts for Costa Rica (DDAI01CRA642NWDB), retrieved from FRED.