Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Colombia
COLFCSODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,895,526,760,000.00
Year-over-Year Change
223.74%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in Colombia. It provides insights into the financing activities and access to credit for this critical 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 outstanding loans to SMEs at commercial banks is an important indicator of the financial health and credit environment for smaller businesses in Colombia. This data helps policymakers and analysts assess the availability of capital and financing for the country's entrepreneurial sector.
Methodology
The data is collected directly from Colombia's commercial banking institutions.
Historical Context
This trend is used to evaluate the Colombian government's policies and programs aimed at supporting SME access to finance.
Key Facts
- Colombia has over 2.5 million SMEs, comprising 90% of all businesses.
- SMEs account for 35% of Colombia's GDP and 80% of employment.
- Access to finance is a top constraint for Colombian SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in Colombia. It provides insights into the financing activities and credit availability for this critical business segment.
Q: Why is this trend relevant for users or analysts?
A: The outstanding loans to SMEs is an important indicator of the financial health and credit environment for smaller businesses in Colombia. This data helps policymakers and analysts assess the availability of capital and financing for the country's entrepreneurial sector.
Q: How is this data collected or calculated?
A: The data is collected directly from Colombia's commercial banking institutions.
Q: How is this trend used in economic policy?
A: This trend is used to evaluate the Colombian government's policies and programs aimed at supporting SME access to finance.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, though there may be some delays in reporting from the original Colombian sources.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Colombia (COLFCSODCSXDC), retrieved from FRED.