Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for El Salvador
SLVFCSODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,177,324,839.85
Year-over-Year Change
283.89%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans held by credit unions and financial cooperatives in El Salvador. It provides insights into the use of financial services and access to credit in the Salvadoran economy.
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, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for El Salvador metric tracks the total value of loans issued by these types of financial institutions in the country. This data is used by economists and policymakers to assess the level of financial inclusion and the health of the Salvadoran credit market.
Methodology
The data is collected through surveys and reporting from credit unions and cooperatives operating in El Salvador.
Historical Context
This trend is relevant for analyzing financial sector development and access to credit in El Salvador.
Key Facts
- Credit unions and cooperatives hold a significant share of the financial services market in El Salvador.
- Outstanding loans from these institutions have grown steadily in recent years.
- Financial inclusion is a key policy priority for the Salvadoran government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by credit unions and financial cooperatives operating in El Salvador.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the level of financial inclusion and access to credit in the Salvadoran economy, which are important factors for assessing economic development and stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from the credit unions and cooperatives themselves.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor the health of the Salvadoran financial sector and inform policies aimed at promoting financial inclusion and access to credit.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, and may not capture all credit unions and cooperatives operating in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for El Salvador (SLVFCSODUXDC), retrieved from FRED.