Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprisesat Other Deposit Takers for Colombia
COLFCSODDSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104,348,980,000.00
Year-over-Year Change
64.12%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding loans to small and medium enterprises (SMEs) at other deposit-taking institutions in Colombia. It provides insights into the availability of credit for this crucial business segment.
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 outstanding loans to SMEs metric tracks the financing available to small and medium-sized companies from institutions like banks and non-bank lenders in Colombia. This data point is important for analyzing the health and access to capital of the country's small business sector.
Methodology
The data is collected directly from financial institutions and deposit-taking organizations in Colombia.
Historical Context
This trend is closely watched by policymakers, economists, and market analysts to gauge the flow of credit to SMEs, which are vital for Colombia's economic growth and employment.
Key Facts
- Colombia has over 2.5 million SMEs, accounting for 90% of all businesses.
- SMEs contribute about 35% of Colombia's GDP.
- Access to credit is a key challenge for many Colombian SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans and credit extended to small and medium-sized enterprises (SMEs) by deposit-taking institutions in Colombia.
Q: Why is this trend relevant for users or analysts?
A: The availability of credit for SMEs is crucial for Colombia's economic growth and employment. This data point provides insights into the financing conditions faced by the country's small business sector.
Q: How is this data collected or calculated?
A: The data is collected directly from financial institutions and deposit-taking organizations in Colombia.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this trend to gauge the flow of credit to SMEs, which are vital for Colombia's economic growth and employment.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few months of the reference period. There may be some limitations in coverage or reporting by individual institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprisesat Other Deposit Takers for Colombia (COLFCSODDSXDC), retrieved from FRED.