Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Ecuador
ECUFCNODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179.71
Year-over-Year Change
186.86%
Date Range
1/1/2013 - 1/1/2023
Summary
This trend measures the number of loan accounts per 1,000 adults with credit unions and financial cooperatives in Ecuador. It provides insights into the use and accessibility of financial services 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: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Ecuador' metric tracks the level of financial inclusion and the reach of cooperative-based lending institutions in Ecuador. This data point is valuable for policymakers and economists analyzing financial sector development and access to credit.
Methodology
The data is collected and reported by the World Bank based on surveys and administrative records.
Historical Context
This indicator is used to assess financial inclusion policies and monitor progress towards increasing access to credit and other financial services.
Key Facts
- Ecuador had 353 loan accounts per 1,000 adults with credit unions and cooperatives in 2017.
- Financial cooperative lending has grown steadily in Ecuador over the past decade.
- Improving access to credit is a key policy goal for Ecuador's financial sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts per 1,000 adults with credit unions and financial cooperatives in Ecuador. It provides insights into financial inclusion and access to cooperative-based lending.
Q: Why is this trend relevant for users or analysts?
A: This indicator is valuable for policymakers and economists analyzing financial sector development and progress towards increasing access to credit and other financial services in Ecuador.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: This indicator is used to assess financial inclusion policies and monitor progress towards increasing access to credit and other financial services in Ecuador.
Q: Are there update delays or limitations?
A: The data is published with some delay, and may not capture all informal lending by cooperatives.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Ecuador (ECUFCNODUANUM), retrieved from FRED.