Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Zimbabwe
ZWEFCAODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.99
Year-over-Year Change
0.00%
Date Range
1/1/2013 - 1/1/2013
Summary
This economic trend measures the percentage of non-financial corporation depositors with commercial banks in Zimbabwe that have small and medium enterprise (SME) deposit accounts. It provides insight into the financial inclusion and access to banking services for 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: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Zimbabwe tracks the prevalence of SME deposit accounts as a share of total non-financial corporation depositors with commercial banks. This metric is used to assess the degree of financial inclusion and accessibility of banking services for smaller businesses in the Zimbabwean economy.
Methodology
The data is collected by the World Bank through surveys of commercial banks in Zimbabwe.
Historical Context
This indicator is relevant for policymakers and financial institutions seeking to promote SME development and inclusive economic growth.
Key Facts
- Zimbabwe has a relatively low rate of SME deposit account ownership.
- Financial inclusion of SMEs is a key policy goal for economic development.
- Commercial bank deposit data is used to track SME banking access trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of non-financial corporation depositors with commercial banks in Zimbabwe that have small and medium enterprise (SME) deposit accounts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the degree of financial inclusion and accessibility of banking services for smaller businesses in the Zimbabwean economy, which is important for assessing SME development and inclusive growth.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of commercial banks in Zimbabwe.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and financial institutions seeking to promote SME development and inclusive economic growth in Zimbabwe.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential limitations in survey coverage of commercial banks in Zimbabwe.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Zimbabwe (ZWEFCAODCSPNUM), retrieved from FRED.