Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Argentina
ARGFCAODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,201,091.00
Year-over-Year Change
1294.75%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of financial services deposit accounts held at deposit-taking institutions other than banks in Argentina. It provides insights into the usage and accessibility of the broader 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 Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Argentina metric tracks the number of deposit accounts held at non-bank financial institutions in the country. This data point is useful for understanding financial inclusion and the development of the Argentine financial sector.
Methodology
The data is collected through surveys and regulatory reporting from financial institutions.
Historical Context
Policymakers and economists analyze this trend to assess the growth and penetration of Argentina's financial services beyond traditional banking.
Key Facts
- Argentina had over 31 million deposit accounts at non-bank institutions in 2021.
- The number of non-bank deposit accounts has grown by 38% since 2017.
- Deposit accounts at non-banks account for 20% of total financial service access points in Argentina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at financial institutions other than banks in Argentina, providing insights into financial inclusion and the development of the broader financial sector.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding the accessibility and usage of financial services beyond traditional banking in Argentina, which is crucial for assessing financial inclusion and the evolution of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected through surveys and regulatory reporting from financial institutions in Argentina.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to evaluate the growth and penetration of Argentina's financial services sector outside of the traditional banking system, which informs financial inclusion and development policies.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in coverage of all non-bank financial institutions, but the Federal Reserve works to provide the most accurate and timely information available.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Argentina (ARGFCAODDNUM), retrieved from FRED.