Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Argentina
ARGFCAODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119,362,589.00
Year-over-Year Change
247.32%
Date Range
1/1/2004 - 1/1/2024
Summary
The 'Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Argentina' trend measures the number of deposit accounts held at commercial banks in Argentina. This key economic indicator provides insights into financial inclusion and the level of banking activity within the Argentine 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
This series tracks the total number of deposit accounts at commercial banks in Argentina. It serves as an important metric for evaluating the breadth of financial services usage and access to the formal banking system across the Argentine population.
Methodology
The data is collected and reported by the Central Bank of Argentina.
Historical Context
Policymakers and economists monitor this trend to assess the development of Argentina's financial sector and progress towards greater financial inclusion.
Key Facts
- The number of deposit accounts in Argentina has steadily increased over the past decade.
- Argentina aims to achieve universal financial inclusion by 2025.
- Expanding access to banking services is a key policy priority for the Argentine government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held at commercial banks in Argentina. It provides an indicator of financial services usage and access to the formal banking system.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating financial inclusion and the development of Argentina's banking sector. It offers insights into the level of public engagement with formal financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Argentina.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess progress towards financial inclusion goals and the overall health of Argentina's financial system.
Q: Are there update delays or limitations?
A: The data is published with a slight delay by the Central Bank of Argentina. There may be limitations in capturing all informal or unregistered deposit accounts.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Argentina (ARGFCAODCNUM), retrieved from FRED.