Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Other Deposit Takers for Colombia
COLFCRODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,817.00
Year-over-Year Change
-33.76%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the borrowing activity of small and medium-sized enterprises (SMEs) from deposit-taking institutions in Colombia. It provides insights into the financing conditions and credit access for this crucial 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 Borrowers: Small and Medium Enterprises Borrowing from Other Deposit Takers for Colombia' series tracks the volume of SME borrowing from deposit-taking institutions in the Colombian economy. This metric is important for understanding the financing landscape and credit dynamics for small and medium businesses, which play a vital role in economic growth and employment.
Methodology
The data is collected through surveys and reporting from financial institutions in Colombia.
Historical Context
Policymakers and analysts use this trend to assess the health of SME credit markets and inform decisions around financial regulations and support programs.
Key Facts
- SMEs account for over 90% of businesses in Colombia.
- Access to credit is a key challenge for many Colombian SMEs.
- The trend shows SME borrowing from deposit takers has steadily increased since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of borrowing by small and medium enterprises (SMEs) from deposit-taking institutions in Colombia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financing conditions and credit access for SMEs, which are crucial for economic growth and employment in Colombia.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial institutions in Colombia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of SME credit markets and inform decisions around financial regulations and support programs.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the source.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Other Deposit Takers for Colombia (COLFCRODDSPENUM), retrieved from FRED.