Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Commercial Banks for Comoros
COMFCRODCSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,241.70
Year-over-Year Change
301.84%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the use of financial services by small and medium enterprises (SMEs) in Comoros, specifically their borrowing from commercial banks. It provides insights into the financing landscape for SMEs, which are crucial drivers of 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 Borrowers: Small and Medium Enterprises Borrowing from Commercial Banks for Comoros' metric tracks the level of commercial bank lending to SMEs in Comoros. It serves as an important indicator of financial inclusion and access to credit for this vital business segment.
Methodology
The data is collected and reported by the Central Bank of Comoros.
Historical Context
This trend is closely monitored by policymakers and financial institutions to evaluate the effectiveness of policies and initiatives aimed at promoting SME financing in Comoros.
Key Facts
- SMEs account for over 90% of businesses in Comoros.
- Access to credit is a top challenge cited by Comorian SMEs.
- Comoros is working to expand financial services for underserved SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the level of borrowing by small and medium enterprises (SMEs) from commercial banks in Comoros.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financing landscape for SMEs, which are crucial drivers of economic growth and development in Comoros.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Comoros.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and financial institutions to evaluate the effectiveness of policies and initiatives aimed at promoting SME financing in Comoros.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Comoros, but there may be occasional delays or limitations in data availability.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Commercial Banks for Comoros (COMFCRODCSPENUM), retrieved from FRED.