Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Chad
TCDFCSODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
425,097,000,000.00
Year-over-Year Change
459.12%
Date Range
1/1/2011 - 1/1/2022
Summary
This economic trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in Chad. It provides insights into the level of financial services and access to credit for smaller businesses 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, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Chad tracks the total value of loans extended by commercial banks to SMEs in the country. This metric serves as an indicator of financial inclusion and the availability of credit for smaller enterprises, which are crucial for economic development and job creation.
Methodology
The data is collected directly from commercial banks operating in Chad.
Historical Context
Policymakers and analysts use this trend to evaluate the financial health of the SME sector and guide policies aimed at improving access to credit and other financial services.
Key Facts
- Chad's SME loan volume was $1.2 billion in 2021.
- SME loans account for 18% of total commercial bank lending in Chad.
- Outstanding SME loans have grown by 7% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans extended by commercial banks in Chad to small and medium-sized enterprises (SMEs).
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 smaller businesses in Chad, which are critical for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in Chad.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the financial health of the SME sector and guide policies aimed at improving access to credit and other financial services.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag.
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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 Chad (TCDFCSODCSXDC), retrieved from FRED.