Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Commercial Banks for Madagascar
MDGFCRODCSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,129.00
Year-over-Year Change
216.39%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the borrowing levels of small and medium-sized enterprises (SMEs) from commercial banks in Madagascar. It provides insights into the accessibility and utilization of financial services by the critical SME sector.
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 Madagascar series tracks the total value of outstanding loans extended by commercial banks to SMEs in the country. This metric serves as an indicator of SME access to formal credit and the overall health of business financing in the Malagasy economy.
Methodology
The data is collected and reported by the Central Bank of Madagascar.
Historical Context
This trend is closely monitored by policymakers, economists, and financial institutions to assess the financing environment for private enterprises in Madagascar.
Key Facts
- SMEs account for over 90% of businesses in Madagascar.
- Lack of access to credit is a major constraint for Malagasy SMEs.
- Commercial bank lending to SMEs has been gradually increasing in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans extended by commercial banks to small and medium-sized enterprises (SMEs) in Madagascar.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the accessibility and utilization of formal financial services by the critical SME sector, which is essential for understanding the overall health of business financing in the Malagasy economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Madagascar.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and financial institutions to assess the financing environment for private enterprises in Madagascar and inform policies and interventions aimed at improving SME access to credit.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and methodologies of the Central Bank of Madagascar, which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Commercial Banks for Madagascar (MDGFCRODCSPENUM), retrieved from FRED.