Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Comoros
COMFCDODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
243.00
Year-over-Year Change
63.09%
Date Range
1/1/2011 - 1/1/2012
Summary
This economic trend measures the number of depositors that are small and medium enterprises (SMEs) at other deposit-taking institutions in Comoros. It provides insights into SME financial inclusion and access to formal banking services 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: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Comoros' series tracks the total number of SME depositors at non-bank deposit-taking institutions in Comoros. This data is used by policymakers and analysts to monitor financial sector development and SME access to formal banking.
Methodology
The data is collected by the Central Bank of Comoros through surveys of other deposit-taking institutions.
Historical Context
This trend is relevant for understanding financial inclusion and SME access to formal banking services in Comoros.
Key Facts
- Comoros has a predominantly informal economy with limited SME access to banking.
- SMEs account for over 90% of businesses in Comoros.
- Improving SME financial inclusion is a key policy priority in Comoros.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of depositors that are small and medium enterprises (SMEs) at non-bank deposit-taking institutions in Comoros.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into SME financial inclusion and access to formal banking services in Comoros, which is crucial for understanding the country's economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Comoros through surveys of other deposit-taking institutions in the country.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to monitor financial sector development and SME access to formal banking in Comoros, which is a key policy priority.
Q: Are there update delays or limitations?
A: The data may be subject to delays in collection and reporting by the Central Bank of Comoros.
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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 Comoros (COMFCDODDSPENUM), retrieved from FRED.