Financial System Deposits to GDP for Argentina
DDDI08ARA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.91
Year-over-Year Change
3.35%
Date Range
1/1/1960 - 1/1/2017
Summary
The Financial System Deposits to GDP ratio for Argentina measures the total value of deposits held in the country's financial system as a percentage of its gross domestic product. This metric provides insight into the size and development of Argentina's banking sector relative to the overall economy.
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 Financial System Deposits to GDP ratio is a key indicator of financial sector depth and financial intermediation within a country. It reflects the degree to which the public utilizes banking services and the banking system's role in channeling funds for investment and economic growth.
Methodology
The data is collected by the World Bank based on information reported by national central banks and monetary authorities.
Historical Context
Policymakers and economists use this indicator to assess the stability and sophistication of Argentina's financial system and its ability to support economic development.
Key Facts
- Argentina's Financial System Deposits to GDP ratio was 25.6% in 2020.
- This ratio has fluctuated significantly over the past two decades, ranging from a low of 16.3% in 2002 to a high of 29.1% in 2011.
- Argentina's ratio is lower than the global average, indicating room for further financial sector deepening.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP ratio measures the total value of deposits held in Argentina's banking and financial institutions as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the size and development of Argentina's financial sector, which is crucial for supporting economic growth and investment.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank based on information reported by Argentina's central bank and monetary authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the stability and sophistication of Argentina's financial system and its ability to channel funds for investment and economic development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a slight delay, and may be subject to revisions based on updated information from Argentina's statistical agencies.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Argentina (DDDI08ARA156NWDB), retrieved from FRED.