Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Other Deposit Takers for Argentina
ARGFCNODDSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,557.00
Year-over-Year Change
50.84%
Date Range
1/1/2012 - 1/1/2017
Summary
This economic trend measures the number of loan accounts for small and medium enterprises (SMEs) at deposit-taking institutions in Argentina. It provides insights into the financing access and credit conditions for the country's SME sector.
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 number of loan accounts for SMEs at other deposit takers (non-bank financial institutions) in Argentina is an important indicator of the level of financial inclusion and credit availability for this crucial business segment. It helps policymakers and analysts assess the development of the SME financing landscape.
Methodology
The data is collected by the Central Bank of Argentina through surveys of deposit-taking institutions.
Historical Context
This trend is used to evaluate financial sector policies and programs aimed at improving SME access to credit and other banking services.
Key Facts
- Argentina has over 600,000 SMEs, accounting for 99% of businesses.
- SMEs contribute 50% of Argentina's GDP and 70% of employment.
- Access to credit is a key challenge for many Argentine SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts held by small and medium enterprises (SMEs) at deposit-taking institutions, excluding banks, in Argentina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and credit access for the crucial SME sector in Argentina, which is important for evaluating economic development and the effectiveness of SME financing policies.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Argentina through surveys of non-bank deposit-taking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the development of the SME financing landscape and evaluate the effectiveness of initiatives aimed at improving SME access to credit and other banking services.
Q: Are there update delays or limitations?
A: The data may have a lag of several months and may not capture all non-bank deposit takers in Argentina.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Other Deposit Takers for Argentina (ARGFCNODDSNUM), retrieved from FRED.