Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Financial Intermediaries for Ethiopia
ETHFCDOFMSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,681.00
Year-over-Year Change
16.41%
Date Range
1/1/2006 - 1/1/2012
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that use financial services provided by other financial intermediaries in Ethiopia. It is an important indicator of SME access to credit and financial inclusion 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: Number of Depositors which are Small and Medium Enterprises at Other Financial Intermediaries for Ethiopia' series tracks the number of SME depositors at non-bank financial institutions in Ethiopia. This provides insight into the level of financial services utilized by small businesses in the country.
Methodology
The data is collected through surveys of other financial intermediaries in Ethiopia.
Historical Context
This trend is relevant for understanding financial sector development and SME access to credit in the Ethiopian economy.
Key Facts
- SMEs account for over 80% of employment in Ethiopia.
- Access to credit is a major constraint for Ethiopian SMEs.
- Ethiopia aims to increase financial inclusion to 60% by 2025.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that use financial services provided by other financial intermediaries, excluding banks, in Ethiopia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and access to credit for small businesses in Ethiopia, which is crucial for private sector development and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of other financial intermediaries, such as microfinance institutions and savings and credit cooperatives, operating in Ethiopia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to monitor progress towards financial inclusion goals and identify areas where SMEs may need greater access to credit and other financial services.
Q: Are there update delays or limitations?
A: The data may have delays due to the survey-based collection method, and it only captures SME depositors at non-bank financial institutions, not the full landscape of SME financing in Ethiopia.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Financial Intermediaries for Ethiopia (ETHFCDOFMSPENUM), retrieved from FRED.