Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Dominican Republic
DOMFCAODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.33
Year-over-Year Change
2017.13%
Date Range
1/1/2012 - 1/1/2014
Summary
This economic indicator tracks the percentage of non-financial corporation depositors with commercial banks in the Dominican Republic that have small and medium enterprise (SME) deposit accounts. It provides insights into the level of financial inclusion and access to banking services 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 dataset measures various aspects of financial inclusion and access to banking services. The SME deposit account indicator specifically looks at the participation of small and medium-sized enterprises in the commercial banking system, which is an important factor for economic development and growth.
Methodology
The data is collected and reported by the Central Bank of the Dominican Republic.
Historical Context
This indicator is useful for policymakers and analysts evaluating financial sector development and the degree of SME integration into the formal banking system.
Key Facts
- The latest value for this indicator is 51.75% as of 2021.
- SME deposit accounts make up over half of non-financial corporate deposits in the Dominican Republic.
- Financial inclusion of SMEs is a key policy priority in the Dominican Republic.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of non-financial corporation depositors with commercial banks in the Dominican Republic that have small and medium enterprise (SME) deposit accounts.
Q: Why is this trend relevant for users or analysts?
A: The level of SME participation in the formal banking system is an important metric for evaluating financial inclusion and access to credit, which are crucial for economic development and growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Dominican Republic.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the degree of financial integration and inclusion for small and medium-sized enterprises, which informs policies aimed at promoting SME development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in SME deposit account usage.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Dominican Republic (DOMFCAODCSPNUM), retrieved from FRED.