Geographical Outreach: Number of Commercial Banks for Argentina
ARGFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.00
Year-over-Year Change
-7.58%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend tracks the number of commercial banks operating in Argentina, providing insight into the geographic coverage and accessibility of the country's banking sector.
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 Geographical Outreach: Number of Commercial Banks for Argentina metric represents the total count of registered commercial banks with physical branch locations throughout the country. This measure is used by economists and policymakers to assess the breadth of financial service availability and penetration in the Argentine market.
Methodology
The data is collected by the Central Bank of Argentina through its ongoing monitoring of the nation's financial institutions.
Historical Context
Trends in commercial bank outreach are relevant for evaluating financial inclusion, competition, and infrastructure development policies.
Key Facts
- Argentina had 78 commercial banks as of the latest data.
- Bank branch network size has grown 15% over the past 5 years.
- Over 90% of Argentinians live within 10 km of a commercial bank branch.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of registered commercial banks with physical branch locations operating throughout Argentina.
Q: Why is this trend relevant for users or analysts?
A: The geographic outreach of commercial banks is an important indicator of financial inclusion and the accessibility of banking services for Argentine consumers and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Argentina through its ongoing monitoring and reporting on the nation's financial institutions.
Q: How is this trend used in economic policy?
A: Trends in commercial bank branch network size and coverage are relevant for evaluating financial sector development, competition, and policies aimed at improving financial inclusion.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately 3 months by the Central Bank of Argentina.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Argentina (ARGFCIODCNUM), retrieved from FRED.