Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Cote d'Ivoire
CIVFCDODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2013
Summary
This economic trend measures the percentage of non-financial corporation depositors with commercial banks that are small and medium enterprises (SMEs) in Cote d'Ivoire. It provides insight into the use of financial services by SMEs, a key driver of economic growth.
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) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Cote d'Ivoire tracks the relative participation of SMEs in the country's commercial banking system. This metric is useful for analyzing financial inclusion and the role of SMEs in the broader economy.
Methodology
The data is collected and calculated by the World Bank based on surveys of commercial banks.
Historical Context
Policymakers and analysts use this indicator to assess financial access and the health of the SME sector.
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 financial services.
- Increasing SME participation in banking is a key policy goal in Cote d'Ivoire.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of non-financial corporation depositors with commercial banks in Cote d'Ivoire that are small and medium enterprises (SMEs).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into financial inclusion and the role of SMEs in the Ivorian economy, which are important considerations for policymakers and economists.
Q: How is this data collected or calculated?
A: The World Bank collects this data through surveys of commercial banks in Cote d'Ivoire.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess financial access and the health of the SME sector, which are key drivers of economic growth and development.
Q: Are there update delays or limitations?
A: The data may have update delays, and the survey methodology could change over time, affecting comparability.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Cote d'Ivoire (CIVFCDODCSPNUM), retrieved from FRED.