Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Borrowers from Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Congo
COGFCRODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.39
Year-over-Year Change
0.00%
Date Range
1/1/2013 - 1/1/2013
Summary
This economic indicator tracks the use of financial services by small and medium enterprises (SMEs) in the Democratic Republic of the Congo. It measures the percentage of non-financial corporate depositors with commercial banks that are SME borrowers.
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 indicator provides insight into the level of financial inclusion and access to credit for smaller businesses in the Congolese economy. It is used by policymakers and analysts to assess the financial health and development of the private sector.
Methodology
The data is collected by the Central Bank of the Congo based on commercial bank reporting.
Historical Context
This metric is relevant for evaluating financial sector policies and assessing the business environment for SMEs.
Key Facts
- Percentage of SME borrowers among Congo's corporate bank depositors.
- Indicator of financial access and inclusion for smaller enterprises.
- Used to evaluate policies supporting private sector development.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of small and medium-sized enterprise (SME) borrowers among non-financial corporate depositors with commercial banks in the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and access to credit for smaller businesses in the Congolese economy, which is important for evaluating financial sector policies and the business environment.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of the Congo based on reporting from commercial banks.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and analysts assessing financial sector development and the conditions for private sector growth in the Democratic Republic of the Congo.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or limitations in commercial bank coverage, as is common with many emerging market financial indicators.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Borrowers from Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Congo (COGFCRODCSPNUM), retrieved from FRED.