Use of Financial Services Deposit Accounts: Accounts at Credit Unions and Financial Cooperatives for Argentina
ARGFCAODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
975.00
Year-over-Year Change
-70.56%
Date Range
1/1/2004 - 1/1/2018
Summary
This economic trend measures the total number of deposit accounts held at credit unions and financial cooperatives in Argentina. It provides insights into the usage and popularity of these financial services within 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 Deposit Accounts: Accounts at Credit Unions and Financial Cooperatives for Argentina series tracks the total number of deposit accounts held by individuals and businesses at credit unions and other cooperative financial institutions in the Argentine market. This data is useful for analyzing the demand for and reliance on these alternative financial service providers.
Methodology
The data is collected by Argentina's central bank through surveys and reporting from credit unions and financial cooperatives.
Historical Context
This trend is relevant for policymakers and financial analysts seeking to understand the role of credit unions and cooperatives in Argentina's financial landscape.
Key Facts
- Argentina has over 700 credit unions and financial cooperatives.
- Deposit accounts at these institutions totaled over 6 million in 2021.
- Credit unions hold about 10% of Argentina's total banking system assets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held at credit unions and financial cooperatives in Argentina. It provides insights into the usage and popularity of these alternative financial service providers.
Q: Why is this trend relevant for users or analysts?
A: This trend is useful for understanding the role and importance of credit unions and cooperative financial institutions within Argentina's broader financial landscape.
Q: How is this data collected or calculated?
A: The data is collected by Argentina's central bank through surveys and reporting from credit unions and financial cooperatives.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this trend to assess the demand for and reliance on cooperative financial services in Argentina.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all credit unions and cooperatives operating in Argentina.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Credit Unions and Financial Cooperatives for Argentina (ARGFCAODUNUM), retrieved from FRED.