Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Namibia
NAMFCDODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
577,999.00
Year-over-Year Change
7101.58%
Date Range
1/1/2004 - 1/1/2009
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are depositors with other deposit-taking institutions in Namibia. It provides insights into the financial inclusion and access to banking services for this important business segment.
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: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Namibia metric tracks the total number of SME depositors with non-bank financial institutions in the country. This data point is useful for understanding the reach and penetration of formal banking services among smaller businesses.
Methodology
The data is collected through surveys and reporting from Namibia's central bank and other regulatory authorities.
Historical Context
This trend is relevant for policymakers and financial sector analysts examining financial inclusion and SME access to banking in Namibia.
Key Facts
- Namibia has a population of 2.5 million people.
- SMEs account for over 80% of businesses in Namibia.
- Access to formal banking services remains a challenge for many Namibian SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of small and medium enterprises (SMEs) that are depositors with non-bank financial institutions in Namibia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the financial inclusion and access to banking services for SMEs, an important business segment in Namibia's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from Namibia's central bank and other regulatory authorities.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and financial sector analysts examining financial inclusion and SME access to banking in Namibia.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or limitations in coverage depending on the reporting processes of Namibian authorities.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Namibia (NAMFCDODDSPENUM), retrieved from FRED.