Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Benin
BENFCDODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.44
Year-over-Year Change
20.44%
Date Range
1/1/2004 - 1/1/2013
Summary
This economic trend measures the percentage of non-financial corporation depositors with commercial banks in Benin that are small and medium enterprises (SMEs). It provides insight into the use 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, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Benin tracks the level of financial inclusion for SMEs. This data point is important for understanding SME access to banking services and the overall health of the small business sector.
Methodology
The data is collected and calculated by the World Bank as part of its Global Financial Development Database.
Historical Context
This indicator is used by policymakers and economists to assess financial sector development and the equitable distribution of banking services.
Key Facts
- Benin's SME depositors make up 50.29% of non-financial corporation depositors with commercial banks.
- SMEs are a vital component of Benin's economy, accounting for over 90% of businesses.
- Financial inclusion for SMEs is a key development priority in Benin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of non-financial corporation depositors with commercial banks in Benin that are small and medium enterprises (SMEs).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial inclusion for SMEs, which are a vital component of Benin's economy. It helps policymakers and economists assess the health of the small business sector and financial sector development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank as part of its Global Financial Development Database.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and economists to assess financial sector development and the equitable distribution of banking services, which is a key priority for economic growth in Benin.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, so it may not reflect the most current conditions.
Related Trends
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Benin
BENFCACNUM
Use of Financial Services: Number of Depositors at Deposit Taking Microfinance Institutions (MFIs) for Benin
BENFCDODMFPENUM
Number of Identified Exporters to Benin from Tennessee
TNBENA475SCEN
Cash surplus/deficit (% of GDP) for Benin
CASHBLBJA188A
Value of Exports to Benin from Iowa
IABENA052SCEN
Value of Exports to Benin from Michigan
MIBENA052SCEN
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 Benin (BENFCDODCSPNUM), retrieved from FRED.