Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Madagascar
MDGFCSODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.93
Year-over-Year Change
83.06%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding small and medium enterprise (SME) loans from commercial banks in Madagascar as a percentage of GDP. It provides insights into the accessibility and usage of financial services by SMEs, a key driver of economic growth.
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 Small and Medium Enterprises Loans from Commercial Banks for Madagascar series tracks the value of SME loans from commercial banks in the country, expressed as a share of GDP. This metric is used by economists and policymakers to assess the financial inclusion and access to credit for small and medium-sized businesses, which are crucial for job creation and economic development.
Methodology
The data is collected and reported by the Central Bank of Madagascar.
Historical Context
This indicator is used to monitor financial sector policies and identify opportunities to improve SME access to credit.
Key Facts
- SMEs account for over 90% of businesses in Madagascar.
- Outstanding SME loans were 8.3% of GDP in 2020.
- Access to credit is a major challenge for Malagasy SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding small and medium enterprise (SME) loans from commercial banks in Madagascar as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the accessibility and usage of financial services by SMEs, which are crucial for job creation and economic development in Madagascar.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Madagascar.
Q: How is this trend used in economic policy?
A: This indicator is used to monitor financial sector policies and identify opportunities to improve SME access to credit in Madagascar.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in SME lending.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Madagascar (MDGFCSODCSGGDPPT), retrieved from FRED.