Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Colombia
COLFCDODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
753,933.00
Year-over-Year Change
180.57%
Date Range
1/1/2009 - 1/1/2014
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are depositors at other deposit-taking institutions in Colombia. It provides insight into the financial inclusion and banking engagement of SMEs, a critical segment of the Colombian 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: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Colombia' series tracks the volume of SME depositors with non-bank deposit-taking institutions in the country. This metric offers valuable data on SME financial access and utilization of the broader financial system.
Methodology
The data is collected through surveys of deposit-taking institutions in Colombia.
Historical Context
This trend is useful for policymakers and analysts assessing financial inclusion and the health of the SME sector.
Key Facts
- SMEs account for over 90% of businesses in Colombia.
- Colombia has set financial inclusion targets for SMEs.
- Tracking SME depositors is key for monitoring financial access.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that are depositors at other deposit-taking institutions in Colombia, beyond just commercial banks.
Q: Why is this trend relevant for users or analysts?
A: Tracking SME use of a diverse range of deposit services is important for assessing financial inclusion and the health of the SME sector, a critical part of the Colombian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of deposit-taking institutions in Colombia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor financial access and inclusion, particularly for SMEs, in order to inform policies aimed at supporting this important business segment.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and collection that impact the timeliness of this series.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Colombia (COLFCDODDSPENUM), retrieved from FRED.