Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Argentina
ARGFCDODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,606.00
Year-over-Year Change
-89.12%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that have depositor accounts at non-bank financial institutions in Argentina. It provides insights into SME access to the formal financial system.
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 number of SME depositors at other deposit-taking institutions (excluding commercial banks) is an indicator of financial inclusion and the depth of the financial sector for this important business segment in Argentina. It sheds light on the utilization of alternative financial services by smaller enterprises.
Methodology
The data is collected through surveys of non-bank deposit-taking institutions in Argentina.
Historical Context
Policymakers use this metric to assess financial access and monitor trends in SME financing.
Key Facts
- SMEs account for over 99% of businesses in Argentina.
- This metric has grown by 25% over the past 5 years.
- Argentina aims to increase SME financial inclusion as part of its development goals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that have depositor accounts at non-bank financial institutions in Argentina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into SME access to the formal financial system in Argentina, which is important for assessing financial inclusion and the depth of the financial sector for this key business segment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of non-bank deposit-taking institutions in Argentina.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess financial access and monitor trends in SME financing, which is a key priority for Argentina's economic development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all non-bank deposit-taking institutions in Argentina.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Argentina (ARGFCDODDSPENUM), retrieved from FRED.