Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Dominican Republic
DOMFCDODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.45
Year-over-Year Change
3721.20%
Date Range
1/1/2012 - 1/1/2014
Summary
This indicator measures the percentage of small and medium enterprise (SME) depositors among all non-financial corporation depositors with commercial banks in the Dominican Republic. It provides insight into the financing and banking behaviors of SMEs, a key segment of the economy.
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 data series tracks various metrics related to financial inclusion and access for businesses and individuals. The SME depositor percentage specifically highlights the degree to which smaller enterprises are utilizing formal banking services, which is an important factor in evaluating financial development and SME health.
Methodology
The data is collected by the World Bank through surveys of commercial banks and other financial institutions.
Historical Context
Policymakers and analysts use this indicator to assess the financial access and intermediation trends for SMEs, which are crucial for economic growth and job creation.
Key Facts
- SMEs make up over 90% of businesses in the Dominican Republic.
- Only around 50% of SMEs in the country have a bank account.
- Improving SME access to formal banking is a key policy priority.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of small and medium enterprise (SME) depositors among all non-financial corporation depositors with commercial banks in the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financing and banking behaviors of SMEs, a crucial segment of the economy. It is an important factor in evaluating financial development and SME health.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of commercial banks and other financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the financial access and intermediation trends for SMEs, which are crucial for economic growth and job creation.
Q: Are there update delays or limitations?
A: The data may have some delays in reporting and may not fully capture informal financial activities.
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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 Dominican Republic (DOMFCDODCSPNUM), retrieved from FRED.