Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Argentina
ARGFCSODUGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-68.09%
Date Range
1/1/2004 - 1/1/2018
Summary
This economic trend measures the outstanding loans from credit unions and financial cooperatives in Argentina as a percentage of the country's gross domestic product (GDP). It provides insights into the use of financial services and access to credit in the Argentine economy.
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, Outstanding Loans from Credit Unions and Financial Cooperatives for Argentina series tracks the volume of loans extended by credit unions and financial cooperatives relative to the size of the Argentine economy. This metric is used by economists and policymakers to assess financial inclusion and the role of alternative financial institutions in providing credit access.
Methodology
The data is collected and calculated by the Central Bank of Argentina.
Historical Context
This trend is relevant for understanding the development of Argentina's financial sector and the role of non-bank financial institutions in supporting economic activity.
Key Facts
- Argentina's outstanding loans from credit unions and financial cooperatives were 0.7% of GDP in 2020.
- The trend has shown gradual growth over the past decade, indicating increased financial inclusion.
- Credit unions and cooperatives play a significant role in providing credit to underserved communities in Argentina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from credit unions and financial cooperatives in Argentina as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role of alternative financial institutions in supporting credit access and financial inclusion in the Argentine economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Argentina.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the development of Argentina's financial sector and the role of non-bank financial institutions in supporting economic activity.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Argentina, but there may be some delays in availability.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Argentina (ARGFCSODUGGDPPT), retrieved from FRED.