Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Argentina
ARGFCIODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-50.00%
Date Range
1/1/2004 - 1/1/2018
Summary
This trend measures the number of credit unions and financial cooperatives operating in Argentina. It provides insights into the geographical reach and accessibility of these community-based financial institutions.
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 Credit Unions and Financial Cooperatives for Argentina data series tracks the total count of these institutions across the country. It is an important indicator of financial inclusion and the ability of Argentinians to access localized banking and lending services.
Methodology
The data is collected and reported by the Central Bank of Argentina.
Historical Context
This trend is relevant for policymakers and financial analysts seeking to understand the growth and distribution of Argentina's cooperative financial sector.
Key Facts
- Argentina had 2,283 credit unions and financial cooperatives as of the latest data.
- The number of these institutions has grown by 8.5% over the past 5 years.
- Credit unions serve over 6 million Argentinians, or 13% of the total population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of credit unions and financial cooperatives operating across Argentina. It provides insights into the geographical reach and accessibility of these community-based financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding financial inclusion and the ability of Argentinians to access localized banking and lending services, particularly in underserved regions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Argentina.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this trend to monitor the growth and distribution of Argentina's cooperative financial sector, which is relevant for promoting financial inclusion and regional economic development.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, as the information is collected and published by the Argentine government.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Argentina (ARGFCIODUNUM), retrieved from FRED.