Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Congo
COGFCDODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.35
Year-over-Year Change
2403.26%
Date Range
1/1/2008 - 1/1/2013
Summary
This economic indicator measures the percentage of non-financial corporation depositors with commercial banks that are small and medium enterprises (SMEs) in the Republic of Congo. It provides insights into the use of financial services by SMEs, a crucial segment of the Congolese economy.
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 Congo tracks the level of financial inclusion and access for SMEs in the country. This metric is important for understanding the health and development of the Congolese financial system and identifying opportunities to support SME growth.
Methodology
The data is collected by the World Bank from commercial bank regulatory reporting.
Historical Context
Policymakers and financial institutions use this indicator to monitor SME participation in the formal banking sector and develop strategies to improve SME access to financial services.
Key Facts
- SMEs account for over 90% of businesses in the Republic of Congo.
- Access to formal banking services remains a challenge for many Congolese SMEs.
- Improving SME financial inclusion is a key priority for the Congolese government.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of non-financial corporation depositors with commercial banks that are small and medium enterprises (SMEs) in the Republic of Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access for SMEs, a crucial segment of the Congolese economy. It is important for understanding the health and development of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from commercial bank regulatory reporting.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this indicator to monitor SME participation in the formal banking sector and develop strategies to improve SME access to financial services.
Q: Are there update delays or limitations?
A: The data may have update delays due to the time required for commercial banks to report to regulators and for the World Bank to compile the information.
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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 Congo (COGFCDODCSPNUM), retrieved from FRED.