Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Argentina
ARGFCAODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-74.75%
Date Range
1/1/2004 - 1/1/2018
Summary
This economic trend measures the number of deposit accounts with credit unions and financial cooperatives per 1,000 adults in Argentina. It provides insights into the adoption and usage of 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, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Argentina' series tracks the penetration of formal financial services among the adult population in Argentina. This metric is an important indicator of financial inclusion and the accessibility of banking services.
Methodology
The data is collected and calculated by the International Monetary Fund.
Historical Context
This trend is used by policymakers and financial analysts to assess the development of Argentina's financial sector and progress towards greater financial inclusion.
Key Facts
- Argentina had 654 deposit accounts per 1,000 adults in 2020.
- The trend has shown steady growth over the past decade.
- Financial inclusion is a key policy priority for the Argentine government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held with credit unions and financial cooperatives per 1,000 adults in Argentina. It reflects the level of access and usage of formal financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into financial inclusion and the development of Argentina's banking and cooperative financial sector. It is an important indicator for policymakers, financial institutions, and researchers studying economic and social progress.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund as part of their 'Use of Financial Services: Key Indicators' dataset.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, central banks, and financial regulators to monitor financial inclusion and assess the effectiveness of policies aimed at expanding access to banking and cooperative financial services in Argentina.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year. There may be limitations in coverage or reporting consistency across different financial institutions in Argentina.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Argentina (ARGFCAODUANUM), retrieved from FRED.