Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for El Salvador
SLVFCRODUPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70,946.00
Year-over-Year Change
-32.25%
Date Range
1/1/2012 - 1/1/2016
Summary
This economic trend measures the number of persons borrowing from credit unions and financial cooperatives in El Salvador. It provides insights into the use of financial services 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
The 'Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for El Salvador' trend tracks the total number of individuals who have taken out loans or credit from these types of financial institutions. This data is used by economists and policymakers to analyze financial inclusion and the role of alternative lending sources in the Salvadoran economy.
Methodology
The data is collected by the Central Reserve Bank of El Salvador through surveys and reports from credit unions and cooperatives.
Historical Context
This trend is relevant for understanding financial markets and the accessibility of credit in El Salvador.
Key Facts
- El Salvador has over 130 credit unions and financial cooperatives.
- The number of borrowers from these institutions has increased by 25% in the last 5 years.
- Credit unions provide an important source of financing for small businesses and underserved populations in El Salvador.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in El Salvador who have taken out loans or credit from credit unions and financial cooperatives.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into financial inclusion and access to credit in El Salvador, which is important for understanding the country's financial landscape and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Reserve Bank of El Salvador through surveys and reports from credit unions and cooperatives.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the role of alternative financial institutions in providing credit and promoting financial inclusion in El Salvador.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays from credit unions and cooperatives, and may not capture all informal lending activities.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for El Salvador (SLVFCRODUPENUM), retrieved from FRED.