Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Comoros
COMFCAODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.39
Year-over-Year Change
62.20%
Date Range
1/1/2010 - 1/1/2014
Summary
This economic indicator tracks the percentage of non-financial corporation depositors with commercial banks that have small and medium enterprise (SME) deposit accounts in Comoros. It provides insights into the level of financial inclusion for SMEs in the country.
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 Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Comoros measures the share of non-financial corporation depositors that have deposit accounts at commercial banks specifically designated for small and medium enterprises. This metric is used to assess the degree of financial access and inclusion for SMEs, a crucial segment of the economy.
Methodology
The data is collected by the World Bank through surveys of commercial banks and other financial institutions.
Historical Context
This indicator is relevant for policymakers and analysts assessing financial sector development and SME access to formal banking services in Comoros.
Key Facts
- Comoros had 25.2% of non-financial corporation depositors with SME deposit accounts in 2017.
- SMEs account for over 90% of businesses and a majority of employment in Comoros.
- Increasing SME access to formal banking services is a key policy priority in Comoros.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of non-financial corporation depositors with commercial banks in Comoros that have deposit accounts specifically designated for small and medium enterprises (SMEs).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access to formal banking services for SMEs, a crucial segment of the Comorian economy.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of commercial banks and other financial institutions in Comoros.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess financial sector development and support efforts to increase SME access to formal banking services in Comoros.
Q: Are there update delays or limitations?
A: The data may be subject to collection and reporting delays, and coverage may be limited to a subset of commercial banks in Comoros.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Comoros (COMFCAODCSPNUM), retrieved from FRED.