Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Financial Intermediaries for Comoros
COMFCDOFMSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,970.00
Year-over-Year Change
139.84%
Date Range
1/1/2005 - 1/1/2009
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are depositors at other financial intermediaries in Comoros. It provides insight into the level of financial inclusion and access to banking services 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: Number of Depositors which are Small and Medium Enterprises at Other Financial Intermediaries for Comoros trend tracks the total number of SME depositors at non-bank financial institutions in Comoros. This metric is used to assess the extent of financial intermediation and the degree to which SMEs are integrated into the formal financial system.
Methodology
The data is collected by the Central Bank of Comoros through surveys of other financial intermediaries operating in the country.
Historical Context
This indicator is relevant for policymakers and development organizations seeking to promote financial inclusion and SME access to finance in Comoros.
Key Facts
- Comoros has a large informal economy, with SMEs playing a key role.
- Access to formal banking services remains limited for many Comorian SMEs.
- Promoting SME financial inclusion is a priority for economic development in Comoros.
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 financial intermediaries in Comoros, providing insight into SME financial inclusion.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the level of financial intermediation and access to banking services for SMEs in Comoros, which is crucial for promoting private sector development and inclusive economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Comoros through surveys of other financial intermediaries operating in the country.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and development organizations to assess financial inclusion and inform policies aimed at improving SME access to finance in Comoros.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and collection, and may not fully capture informal financial activities in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Financial Intermediaries for Comoros (COMFCDOFMSPENUM), retrieved from FRED.