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 Congo
COGFCAODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.92
Year-over-Year Change
6263.05%
Date Range
1/1/2008 - 1/1/2013
Summary
This trend measures the percentage of non-financial corporation depositors with commercial banks in Congo 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 data tracks the adoption and usage of various financial products and services across different segments of the economy. This SME deposit account indicator specifically examines the participation of small and medium enterprises in the formal banking system in Congo.
Methodology
The data is collected through surveys of commercial banks operating in Congo.
Historical Context
This metric is used by policymakers and economists to assess the financial health and development of the SME sector, which is crucial for economic growth and job creation.
Key Facts
- SMEs account for over 90% of businesses in Congo.
- Only 15% of SMEs in Congo have access to formal banking services.
- Increasing SME financial inclusion is a key policy priority in Congo.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of non-financial corporation depositors with commercial banks in Congo 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 financial inclusion and access to banking services for SMEs in Congo, which is crucial for supporting economic growth and job creation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of commercial banks operating in Congo.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to assess the financial health and development of the SME sector, which is a key priority for economic growth in Congo.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and limited coverage of the SME sector in Congo.
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Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Commercial Banks for Congo
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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 Congo (COGFCAODCSPNUM), retrieved from FRED.