Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Commercial Banks for Dominican Republic
DOMFCRODCSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
496,083.00
Year-over-Year Change
230.01%
Date Range
1/1/2006 - 1/1/2023
Summary
This economic trend measures the borrowing activities of small and medium enterprises (SMEs) from commercial banks in the Dominican Republic. It provides insights into the financing conditions and access to credit for this important 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 'Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Commercial Banks for Dominican Republic' series tracks the volume of SME borrowing from commercial banks in the Dominican Republic. This metric helps analyze the financing environment and credit availability for small and medium-sized businesses, which play a crucial role in the country's economic development.
Methodology
The data is collected by the Central Bank of the Dominican Republic through surveys of commercial banks.
Historical Context
This trend is used by policymakers, economists, and financial institutions to assess the financial health and credit access of the SME sector in the Dominican Republic.
Key Facts
- SMEs account for over 99% of businesses in the Dominican Republic.
- Financing constraints are a major challenge for SMEs in the country.
- Improving SME access to credit is a key policy priority for the Dominican government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the borrowing activities of small and medium enterprises (SMEs) from commercial banks in the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financing conditions and credit access for SMEs, which are crucial for the Dominican Republic's economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of the Dominican Republic through surveys of commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial institutions use this trend to assess the financial health and credit access of the SME sector in the Dominican Republic.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags by commercial banks and may not capture all SME borrowing activities.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Commercial Banks for Dominican Republic (DOMFCRODCSPENUM), retrieved from FRED.