Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Argentina
ARGFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
394.74
Year-over-Year Change
21.64%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of borrowers from commercial banks per 1,000 adults in Argentina. It provides insights into the level of financial inclusion and access to credit in the country.
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 'Borrowers from Commercial Banks per 1,000 Adults' metric tracks the outreach and penetration of the banking sector in Argentina. It is a key indicator of financial services usage and can inform policies aimed at promoting financial inclusion.
Methodology
The data is collected and reported by the World Bank, based on surveys and national statistics.
Historical Context
Policymakers and analysts use this trend to assess the development of Argentina's financial system and identify areas for improvement.
Key Facts
- Argentina had 564 borrowers from commercial banks per 1,000 adults in 2021.
- The trend has increased from 466 borrowers per 1,000 adults in 2011.
- Financial inclusion is a key priority for Argentina's economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from commercial banks per 1,000 adults in Argentina, providing insights into the level of financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for assessing the development of Argentina's financial system and identifying areas for improvement in promoting financial inclusion and access to credit.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank, based on surveys and national statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the outreach and penetration of the banking sector in Argentina and inform policies aimed at promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in reporting depending on the availability of national statistics.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Argentina (ARGFCRODCANUM), retrieved from FRED.