Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Madagascar
MDGFCDODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.69
Year-over-Year Change
-34.48%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic indicator tracks the percentage of non-financial corporation depositors with commercial banks in Madagascar that are small and medium enterprises (SMEs). It provides insights into SME access to formal financial services.
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, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Madagascar' metric represents the share of total non-financial corporation depositors in Madagascar's commercial banking system that are SMEs. This data point is useful for assessing financial inclusion and development.
Methodology
The data is collected and calculated by the International Monetary Fund.
Historical Context
This indicator is relevant for policymakers and economists examining financial access and the state of SME development in Madagascar.
Key Facts
- Madagascar's SME depositors account for around 75% of non-financial corporation depositors with commercial banks.
- SME access to formal banking has increased in Madagascar over the past decade.
- Improving SME financial inclusion is a key policy priority in Madagascar.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of non-financial corporation depositors with commercial banks in Madagascar that are small and medium enterprises (SMEs).
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into SME access to formal financial services, which is an important aspect of financial inclusion and overall economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and economists examining financial access and the state of SME development in Madagascar.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the collecting institution.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Madagascar (MDGFCDODCSPNUM), retrieved from FRED.