People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Argentina
DDAI07ARA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.80
Year-over-Year Change
367.27%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and older in Argentina who reported borrowing from a financial institution within the past year. It provides insights into 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 'People 15 Years and Over Borrowing from a Financial Institution in the Past Year' trend is an indicator of financial access and usage in Argentina. It represents the share of the adult population that has utilized formal banking or lending services over the previous 12 months.
Methodology
This data is collected through household surveys conducted by national statistical agencies.
Historical Context
Policymakers and economists use this metric to gauge financial inclusion and monitor progress towards expanding access to credit and banking services.
Key Facts
- Argentina's borrowing rate was 28.8% in 2017.
- This trend has increased from 23.5% in 2011.
- Access to credit varies widely across income levels in Argentina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and older in Argentina who reported borrowing from a financial institution within the past year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and access to credit in Argentina, which are important factors for economic development and household financial stability.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to gauge financial inclusion and monitor progress towards expanding access to credit and banking services.
Q: Are there update delays or limitations?
A: The data may be subject to survey sampling and reporting delays, and may not capture all informal financial activity.
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Citation
U.S. Federal Reserve, People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Argentina (DDAI07ARA156NWDB), retrieved from FRED.