Use of Financial Services: Key Indicators, Borrowers from Credit Unions and Financial Cooperatives Per 1000 Adults for El Salvador
SLVFCRODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.48
Year-over-Year Change
-35.80%
Date Range
1/1/2012 - 1/1/2016
Summary
This economic trend measures the number of borrowers from credit unions and financial cooperatives per 1,000 adults in El Salvador. It provides insight into the usage and access to 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, Borrowers from Credit Unions and Financial Cooperatives Per 1000 Adults for El Salvador' series tracks the prevalence of credit union and cooperative borrowing activity relative to the adult population. This metric is used to assess financial inclusion and the reach of alternative financial institutions.
Methodology
The data is collected through surveys and reporting from credit unions and cooperatives in El Salvador.
Historical Context
Policymakers and analysts use this trend to evaluate financial sector development and access to credit in the Salvadoran economy.
Key Facts
- The latest value is 72.7 borrowers per 1,000 adults.
- The trend has increased from 51.5 borrowers per 1,000 adults in 2010.
- El Salvador has a large cooperative banking sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from credit unions and financial cooperatives per 1,000 adults in El Salvador.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into financial inclusion and access to credit through alternative institutions in the Salvadoran economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from credit unions and cooperatives in El Salvador.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate financial sector development and access to credit in El Salvador.
Q: Are there update delays or limitations?
A: The data may have lags or limitations in coverage due to the decentralized nature of the cooperative banking sector.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Credit Unions and Financial Cooperatives Per 1000 Adults for El Salvador (SLVFCRODUANUM), retrieved from FRED.