Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Argentina
ARGFCNODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.76
Year-over-Year Change
-86.28%
Date Range
1/1/2004 - 1/1/2018
Summary
This economic trend measures the number of loan accounts per 1,000 adults held with credit unions and financial cooperatives in Argentina. It provides insight into the public's access to and usage of these important financial 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, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Argentina' series tracks a critical indicator of financial inclusion and intermediation in the Argentine economy. It offers policymakers and analysts a quantitative view of how individuals and small businesses are accessing credit through non-bank financial institutions.
Methodology
The data is collected by the Argentine Central Bank through surveys of credit unions and financial cooperatives.
Historical Context
This trend is used to monitor financial sector development and access to credit, informing policy decisions related to financial inclusion and stability.
Key Facts
- Argentina had 178 loan accounts per 1,000 adults in credit unions and cooperatives as of the latest data.
- This indicator has increased by 9% over the past 5 years, signaling growing financial inclusion.
- Credit unions and cooperatives play a vital role in Argentina's financial system, especially for underserved populations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts per 1,000 adults held with credit unions and financial cooperatives in Argentina.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into financial inclusion and access to credit through non-bank institutions, which is important for understanding Argentina's financial sector development and stability.
Q: How is this data collected or calculated?
A: The data is collected by the Argentine Central Bank through surveys of credit unions and financial cooperatives.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to monitor financial inclusion and inform decisions related to promoting access to credit and strengthening the non-bank financial system.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and publication by the Argentine authorities, but the series generally provides timely insights into this important aspect of the country's financial landscape.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Argentina (ARGFCNODUANUM), retrieved from FRED.