Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Argentina
ARGFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,939.90
Year-over-Year Change
204.71%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the number of deposit accounts with commercial banks per 1,000 adults in Argentina. It provides insight into financial inclusion and access to basic banking services.
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: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Argentina' series measures the level of financial inclusion in the country by tracking the average number of deposit accounts per 1,000 adults. This metric is used by economists and policymakers to evaluate progress in expanding access to formal banking systems.
Methodology
The data is collected and reported by the World Bank, based on information provided by national central banks and statistical agencies.
Historical Context
This indicator informs discussions around economic development, financial regulation, and social welfare policies in Argentina.
Key Facts
- Argentina had 776 deposit accounts per 1,000 adults in 2017.
- Financial inclusion has increased in Argentina over the past decade.
- Access to basic banking services remains a challenge for some segments of the population.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average number of deposit accounts with commercial banks per 1,000 adults in Argentina. It provides a metric for financial inclusion and access to basic banking services.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the level of financial inclusion and access to the formal banking system in Argentina. It informs discussions around economic development, financial regulation, and social welfare policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank, based on information provided by national central banks and statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate progress in expanding access to formal banking services and promoting financial inclusion in Argentina.
Q: Are there update delays or limitations?
A: The data is published annually, with some potential delays in reporting from national sources. Coverage may also be limited to certain segments of the population.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Argentina (ARGFCAODCANUM), retrieved from FRED.