Number of Bank Accounts for Argentina
DDAI01ARA642NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,357.19
Year-over-Year Change
120.28%
Date Range
1/1/2004 - 1/1/2020
Summary
The Number of Bank Accounts for Argentina metric tracks the total number of deposit accounts held by individuals and businesses within the Argentine banking system. This data point is a key indicator of financial inclusion and the overall level of banking activity 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 Number of Bank Accounts for Argentina is a measure of the breadth of the country's banking sector and the degree to which the population and businesses are integrated into the formal financial system. This statistic is widely used by economists, policymakers, and international organizations to assess Argentina's financial development and identify opportunities for expanding access to banking services.
Methodology
The data is collected and reported by the World Bank, based on information provided by the Central Bank of Argentina.
Historical Context
Trends in the number of bank accounts are closely monitored by the Argentine government and international institutions like the IMF to gauge the impact of financial inclusion policies and economic conditions on banking sector activity.
Key Facts
- Argentina had over 31 million bank accounts as of the latest data.
- The number of bank accounts per 1,000 adults in Argentina is around 680.
- Argentina's bank account penetration rate is below the Latin American average.
FAQs
Q: What does this economic trend measure?
A: The Number of Bank Accounts for Argentina metric tracks the total number of deposit accounts held by individuals and businesses within the Argentine banking system.
Q: Why is this trend relevant for users or analysts?
A: This statistic is widely used to assess Argentina's financial development and identify opportunities for expanding access to banking services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank, based on information provided by the Central Bank of Argentina.
Q: How is this trend used in economic policy?
A: Trends in the number of bank accounts are closely monitored by the Argentine government and international institutions like the IMF to gauge the impact of financial inclusion policies.
Q: Are there update delays or limitations?
A: The data is published annually with some lag, so it may not fully reflect the most recent changes in the Argentine banking sector.
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Citation
U.S. Federal Reserve, Number of Bank Accounts for Argentina (DDAI01ARA642NWDB), retrieved from FRED.