Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for El Salvador
SLVFCLODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,417,874,693.77
Year-over-Year Change
343.27%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures the total outstanding deposits held at credit unions and financial cooperatives in El Salvador. It provides insight into the usage and growth of these important financial services within 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 outstanding deposits at credit unions and financial cooperatives in El Salvador reflect the level of participation and trust in these community-based financial institutions. This data helps economists and policymakers understand the evolving role of the cooperative finance sector in the Salvadoran economy.
Methodology
The data is collected and reported by the Central Reserve Bank of El Salvador.
Historical Context
This metric is used to monitor the development of the non-bank financial sector and access to credit in the Salvadoran economy.
Key Facts
- Credit unions and cooperatives provide financial services to over 1 million Salvadorans.
- Deposits at these institutions have grown by over 50% in the past decade.
- The cooperative finance sector accounts for 12% of total banking system assets in El Salvador.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held at credit unions and financial cooperatives in El Salvador. It provides insight into the usage and growth of these important community-based financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This data helps economists and policymakers understand the evolving role of the cooperative finance sector in the Salvadoran economy, including its contribution to financial inclusion and access to credit.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Reserve Bank of El Salvador.
Q: How is this trend used in economic policy?
A: This metric is used to monitor the development of the non-bank financial sector and access to credit in the Salvadoran economy, which is relevant for policymakers and financial regulators.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank, with a typical update delay of 1-2 months.
Related Trends
Provisions to Non-Performing Loans for El Salvador
DDSI07SVA156NWDB
Loans from Non-Resident Banks, Amounts Outstanding, to GDP for El Salvador
DDOI09SVA156NWDB
Value of Exports to El Salvador from New Mexico
NMSLVA052SCEN
Population, Total for El Salvador
POPTOTSVA647NWDB
Non-Bank Financial Institutions' Assets to GDP for El Salvador
DDDI03SVA156NWDB
Value of Exports to El Salvador from Pennsylvania
PASLVA052SCEN
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for El Salvador (SLVFCLODUXDC), retrieved from FRED.