Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Borrowers from Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Comoros
COMFCRODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.14
Year-over-Year Change
283.71%
Date Range
1/1/2010 - 1/1/2014
Summary
This economic trend measures the percentage of non-financial corporation depositors with commercial banks in Comoros that are small and medium enterprise (SME) borrowers. It provides insight into the level of financial inclusion and access to credit for SMEs in the country.
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) Borrowers from Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Comoros metric offers a gauge of SME financing and the degree to which small businesses are integrated into the formal banking system. This data point is valuable for policymakers and economists analyzing financial sector development.
Methodology
The data is collected by the International Monetary Fund (IMF) through its Financial Access Survey.
Historical Context
This indicator is useful for assessing financial inclusion and access to credit markets for SMEs, which are crucial drivers of economic growth and innovation.
Key Facts
- Comoros has a population of over 850,000 as of 2020.
- SMEs account for over 90% of businesses in Comoros.
- Access to finance is a major constraint for SMEs in Comoros.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of non-financial corporation depositors with commercial banks in Comoros that are small and medium enterprise (SME) borrowers.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial inclusion and access to credit for SMEs in Comoros, which are crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the International Monetary Fund (IMF) through its Financial Access Survey.
Q: How is this trend used in economic policy?
A: This metric is valuable for policymakers and economists analyzing financial sector development and SME financing in Comoros.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, and coverage may be limited due to the challenges of data collection in Comoros.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Borrowers from Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Comoros (COMFCRODCSPNUM), retrieved from FRED.