Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for El Salvador
SLVFCSODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,476,916,348.35
Year-over-Year Change
192.48%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures outstanding loans to small and medium enterprises (SMEs) at commercial banks in El Salvador. It provides insights into the availability of financial services and access to credit for smaller businesses, which is crucial for economic growth and development.
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, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for El Salvador trend tracks the total value of outstanding loans made by commercial banks to SMEs in the country. This metric is an important indicator of the health and accessibility of the financial system for smaller businesses, which often face greater barriers to obtaining credit.
Methodology
The data is collected by the Central Reserve Bank of El Salvador through surveys of commercial banks operating in the country.
Historical Context
Policymakers and economists use this trend to assess the flow of credit to SMEs, which can inform decisions about financial regulations, lending programs, and economic development initiatives.
Key Facts
- SMEs account for over 90% of businesses in El Salvador.
- Access to credit is a major challenge for many Salvadoran SMEs.
- Outstanding SME loans at commercial banks totaled $3.2 billion in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans made by commercial banks in El Salvador to small and medium-sized enterprises (SMEs).
Q: Why is this trend relevant for users or analysts?
A: The availability of credit for SMEs is crucial for economic growth and development, as smaller businesses often face greater barriers to accessing financial services.
Q: How is this data collected or calculated?
A: The data is collected by the Central Reserve Bank of El Salvador through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the flow of credit to SMEs, which can inform decisions about financial regulations, lending programs, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with a 1-2 month delay.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for El Salvador (SLVFCSODCSXDC), retrieved from FRED.