Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Comoros
COMFCLODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,719,280,625.55
Year-over-Year Change
134.00%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held by small and medium enterprises (SMEs) at commercial banks in Comoros. It provides insights into the financial services usage and liquidity of the SME sector, which is crucial for economic growth and development.
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, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Comoros tracks the total value of deposits held by SMEs at commercial banks in the country. This metric reflects the level of financial inclusion and access to formal banking services for small businesses, which is an important indicator of financial sector development.
Methodology
The data is collected by the Central Bank of Comoros through reports from commercial banks operating in the country.
Historical Context
Policymakers and economists use this trend to assess the financial health and growth potential of the SME sector, which is a key driver of economic activity in Comoros.
Key Facts
- Comoros has a largely informal, cash-based economy.
- SMEs account for over 90% of businesses in Comoros.
- Improving financial inclusion is a key development goal for Comoros.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by small and medium enterprises (SMEs) at commercial banks in Comoros.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and access to formal banking services for the SME sector in Comoros, which is a key driver of economic activity and growth.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Comoros through reports from commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the financial health and growth potential of the SME sector, which is a focus area for economic development in Comoros.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and publication by the Central Bank of Comoros.
Related Trends
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Comoros
COMFCBODDNUM
Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Comoros
COMFCDODCANUM
Real GDP Per Capita for Comoros
COMNGDPRPCPCPPPT
Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Comoros
COMFCIODMFNUM
Nominal Effective Exchange Rate as Based on Consumer Price Index for Comoros
COMENEERIX
Goods and Services: Debit for Comoros
COMBMGSBP6GDPPT
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Comoros (COMFCLODCSXDC), retrieved from FRED.