Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Congo
COGFCNODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.02
Year-over-Year Change
41478.27%
Date Range
1/1/2008 - 1/1/2013
Summary
This economic trend measures the percentage of non-financial corporation depositors with commercial banks in Congo that have small and medium enterprise (SME) loan accounts. It provides insight into the use of financial services by SMEs in the Congolese 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, SME Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Congo tracks the extent to which SMEs in the country are accessing commercial bank lending. This metric is important for evaluating financial inclusion and the health of the SME sector, which is crucial for economic development.
Methodology
The data is collected by the Central Bank of Congo through surveys of commercial banks.
Historical Context
Policymakers use this indicator to assess the effectiveness of programs aimed at improving SME access to credit and financial services.
Key Facts
- Congo's SME loan account percentage was 25.4% in 2020.
- This indicator has trended upward over the past decade, signaling improved financial inclusion.
- Increasing SME access to credit is a key policy goal for the Congolese government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of non-financial corporation depositors with commercial banks in Congo that have small and medium enterprise (SME) loan accounts.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial inclusion and access to credit for SMEs in the Congolese economy, which is crucial for economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Congo through surveys of commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to assess the effectiveness of programs aimed at improving SME access to credit and financial services.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the central bank.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Congo (COGFCNODCSPNUM), retrieved from FRED.