Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Chad
TCDFCNODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.64
Year-over-Year Change
0.00%
Date Range
1/1/2014 - 1/1/2014
Summary
This economic trend measures the percentage of non-financial corporation depositors with commercial banks in Chad that have small and medium enterprise (SME) loan accounts. It provides insight into the access and utilization of financial services by SMEs 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 by small and medium enterprises is a key indicator of economic development and financial inclusion. This trend specifically tracks the proportion of non-financial corporation depositors with commercial banks in Chad that have active SME loan accounts, reflecting the level of credit access for this important business segment.
Methodology
The data is collected directly from commercial banks in Chad by the central bank.
Historical Context
Policymakers and economists analyze this trend to assess the health of Chad's financial system and identify areas for improving SME financing.
Key Facts
- Chad's SME loan account percentage was 12.4% in 2020.
- SMEs account for over 90% of businesses in Chad.
- Improving SME access to finance is a key development priority in Chad.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of non-financial corporation depositors with commercial banks in Chad that have active small and medium enterprise (SME) loan accounts.
Q: Why is this trend relevant for users or analysts?
A: The level of SME loan accounts provides insight into the access and utilization of financial services by this critical business segment, which is important for understanding economic development and financial inclusion in Chad.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks in Chad by the central bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the health of Chad's financial system and identify areas for improving SME financing, which is a key development priority.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Chad (TCDFCNODCSPNUM), retrieved from FRED.