Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Other Deposit Takers for Comoros
COMFCNODDSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.00
Year-over-Year Change
1.61%
Date Range
1/1/2011 - 1/1/2012
Summary
This economic trend measures the number of loan accounts for small and medium enterprises (SMEs) at deposit-taking institutions in Comoros. It provides insights into the availability and usage of financial services for the country's small business sector.
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 Loan Accounts for Small and Medium Enterprises at Other Deposit Takers for Comoros trend represents the total number of loan accounts held by SMEs at banks and other deposit-taking institutions in the country. This metric is a key indicator of financial inclusion and the health of small business financing.
Methodology
The data is collected through reports from deposit-taking institutions in Comoros.
Historical Context
This trend is used by policymakers and economists to assess the level of financial access and support for the SME sector, which is crucial for economic development.
Key Facts
- Comoros has a population of over 850,000 people.
- SMEs account for over 90% of businesses in Comoros.
- Access to finance is a major constraint for small businesses in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held by small and medium enterprises (SMEs) at deposit-taking institutions in Comoros.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access to credit for the small business sector, which is crucial for economic development in Comoros.
Q: How is this data collected or calculated?
A: The data is collected through reports from deposit-taking institutions in Comoros.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state of financial access and support for the SME sector in Comoros.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags by deposit-taking institutions in Comoros.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Other Deposit Takers for Comoros (COMFCNODDSNUM), retrieved from FRED.