Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Benin
BENFCDODCSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85,303.00
Year-over-Year Change
268.93%
Date Range
1/1/2004 - 1/1/2013
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that have depositor accounts at commercial banks in Benin. It provides insights into financial inclusion and access to banking services for the SME sector, which is crucial for economic 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: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Benin' series tracks the total number of SME depositors at commercial banks in Benin. This data point is used by economists and policymakers to assess the degree of financial inclusion and access to banking services for the small business community.
Methodology
The data is collected through surveys and reporting from commercial banks operating in Benin.
Historical Context
This trend is relevant for evaluating financial sector policies and programs aimed at supporting SME development in Benin.
Key Facts
- Benin has over 50,000 SME depositors at commercial banks.
- SME deposits account for 25% of total commercial bank deposits in Benin.
- The number of SME depositors has grown by 8% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of small and medium enterprises (SMEs) that have depositor accounts at commercial banks in Benin.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for evaluating financial inclusion and access to banking services for the SME sector, which is crucial for supporting economic development in Benin.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from commercial banks operating in Benin.
Q: How is this trend used in economic policy?
A: This trend is relevant for evaluating financial sector policies and programs aimed at supporting SME development in Benin.
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: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Benin (BENFCDODCSPENUM), retrieved from FRED.