Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Cote d'Ivoire
CIVFCDODCSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76,444.00
Year-over-Year Change
113.37%
Date Range
1/1/2004 - 1/1/2013
Summary
This economic trend measures the number of small and medium-sized enterprise (SME) depositors at commercial banks in Cote d'Ivoire. It provides insights into SME access to formal financial services, 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: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Cote d'Ivoire' series tracks the total number of SME depositors at commercial banks in the country. This metric helps policymakers and analysts understand the level of financial inclusion and SME participation in the formal banking system.
Methodology
The data is collected by the Central Bank of Cote d'Ivoire through surveys of commercial banks.
Historical Context
This trend is used to assess financial sector development and the degree of SME integration into the formal economy.
Key Facts
- SMEs account for over 90% of businesses in Cote d'Ivoire.
- Only 15% of SMEs in Cote d'Ivoire have access to formal bank financing.
- The government has initiatives to improve SME financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of small and medium-sized enterprise (SME) depositors at commercial banks in Cote d'Ivoire.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and SME participation in the formal banking system, which is crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Cote d'Ivoire through surveys of commercial banks.
Q: How is this trend used in economic policy?
A: This trend is used to assess financial sector development and the degree of SME integration into the formal economy, informing policymakers and economists.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or changes in survey methodologies over time.
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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 Cote d'Ivoire (CIVFCDODCSPENUM), retrieved from FRED.