Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Argentina
ARGFCLODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.51
Year-over-Year Change
36.89%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding deposits of small and medium enterprises (SMEs) with commercial banks in Argentina as a percentage of GDP. It provides insight into the level of financial inclusion and access to banking services for SMEs, which are a key driver of economic growth.
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 outstanding SME deposits with commercial banks indicator tracks the volume of deposits held by small and medium-sized businesses in the Argentine banking system. It serves as an important metric for evaluating the depth of financial intermediation and the degree to which SMEs are integrated into the formal financial sector.
Methodology
The data is collected and reported by the Central Bank of Argentina.
Historical Context
This indicator is used by policymakers and analysts to assess the financial health and access to credit of the SME sector, which is crucial for fostering private sector development and inclusive economic growth.
Key Facts
- Argentina's SME deposits as a percentage of GDP were 10.2% in 2020.
- SMEs account for over 99% of businesses and 70% of employment in Argentina.
- Improving SME access to banking services is a key policy priority in Argentina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits of small and medium enterprises (SMEs) with commercial banks in Argentina as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial inclusion and access to banking services for SMEs, which are a key driver of economic growth in Argentina.
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: This indicator is used by policymakers and analysts to assess the financial health and access to credit of the SME sector, which is crucial for fostering private sector development and inclusive economic growth.
Q: Are there update delays or limitations?
A: The data is reported by the Central Bank of Argentina, and there may be some delays in publication.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Argentina (ARGFCLODCSGGDPPT), retrieved from FRED.