Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Colombia
COLFCNODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.17
Year-over-Year Change
79.95%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the percentage of non-financial corporation depositors with commercial banks in Colombia that have small and medium enterprise (SME) loan accounts. It provides insight into the financial services usage and access for SMEs in 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: Key Indicators, SME Loan Accounts with Commercial Banks trend tracks the share of non-financial corporation depositors with commercial banks in Colombia that have active SME loan accounts. This metric is used to assess the financial inclusion and access to credit for small and medium-sized enterprises.
Methodology
The data is collected by the Central Bank of Colombia through surveys of commercial banks.
Historical Context
This indicator is relevant for policymakers and analysts evaluating SME financing conditions and financial sector development in Colombia.
Key Facts
- Colombia's SME loan account share was 31.9% in 2020.
- SME financing access is a key priority for economic development in Colombia.
- The indicator tracks changes in SME lending by commercial banks over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of non-financial corporation depositors with commercial banks in Colombia that have active small and medium enterprise (SME) loan accounts.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial inclusion and access to credit for SMEs in the Colombian economy, which is crucial for supporting small business development and economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Colombia through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate SME financing conditions and inform policies aimed at improving financial sector development and small business access to credit in Colombia.
Q: Are there update delays or limitations?
A: The data is subject to the collection and reporting schedules of the Central Bank of Colombia, which may result in occasional delays in updates to this economic indicator.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Colombia (COLFCNODCSPNUM), retrieved from FRED.