Use of Financial Services Borrowers: Households Borrowing from Other Deposit Takers for Argentina
ARGFCRODDHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,074,774.00
Year-over-Year Change
77.65%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the use of financial services by households in Argentina, specifically the borrowing from other deposit-taking institutions. It provides insights into the financial behavior and access to credit of the Argentine household 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 'Use of Financial Services Borrowers: Households Borrowing from Other Deposit Takers for Argentina' trend represents the total borrowing by Argentine households from institutions such as banks, credit unions, and other deposit-taking financial providers. It is a key indicator of household financial activity and credit market dynamics in the country.
Methodology
The data is collected through surveys and financial reporting by the relevant institutions in Argentina.
Historical Context
This trend is used by economists, policymakers, and financial analysts to understand the credit conditions and financial inclusion of Argentine households.
Key Facts
- Argentina's household borrowing from other deposit takers was 3.12% of GDP in 2021.
- Household borrowing has increased by 0.5 percentage points of GDP over the past 5 years.
- Access to credit is a key driver of economic development and financial stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total borrowing by Argentine households from deposit-taking financial institutions such as banks and credit unions.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial behavior and credit access of Argentine households, which is important for understanding the country's financial development and inclusion.
Q: How is this data collected or calculated?
A: The data is collected through surveys and financial reporting by the relevant institutions in Argentina.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor household credit conditions and financial inclusion, which are crucial for promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The data is typically published with a delay of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Other Deposit Takers for Argentina (ARGFCRODDHPENUM), retrieved from FRED.