Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Dominican Republic
DOMFCDODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
481,139.00
Year-over-Year Change
278.33%
Date Range
1/1/2012 - 1/1/2017
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are depositors at other deposit-taking institutions in the Dominican Republic. It provides insights into SME participation in the financial system, which is crucial for economic development and access to credit.
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: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Dominican Republic tracks the count of SME depositors at non-bank financial institutions in the country. This metric helps policymakers and analysts understand SME engagement with the broader financial ecosystem.
Methodology
The data is collected and reported by the Central Bank of the Dominican Republic.
Historical Context
This trend is used to monitor financial inclusion and the health of the SME sector, which are key priorities for economic policymakers.
Key Facts
- SMEs account for over 90% of businesses in the Dominican Republic.
- Financial inclusion is a key development goal for the Dominican government.
- Increasing SME access to deposit accounts can support entrepreneurship and job creation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that are depositors at other deposit-taking institutions in the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into SME participation in the financial system, which is crucial for economic development and access to credit.
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: This trend is used to monitor financial inclusion and the health of the SME sector, which are key priorities for economic policymakers in the Dominican Republic.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank, but may be subject to revision or delays in reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Dominican Republic (DOMFCDODDSPENUM), retrieved from FRED.