Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Comoros
COMFCSODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
214.35%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend tracks the outstanding small and medium enterprise (SME) loans from commercial banks in Comoros as a percentage of the country's GDP. It provides insights into the financing access and health of the SME sector, a key driver of economic growth.
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: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Comoros metric measures the volume of commercial bank lending to small and medium-sized businesses relative to the country's overall economic output. This indicator offers policymakers and analysts a gauge of financial inclusion and the flow of credit to the SME segment.
Methodology
The data is collected and reported by the Central Bank of Comoros.
Historical Context
This trend is closely watched by economists and policymakers to assess the financing conditions for the SME sector, which is vital for private sector development and job creation.
Key Facts
- Comoros' SME loan-to-GDP ratio was 8.4% in 2020.
- SMEs account for over 80% of employment in Comoros.
- Access to finance is a key constraint for small businesses in Comoros.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the outstanding small and medium enterprise (SME) loans from commercial banks in Comoros as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator offers insights into the financing access and health of the SME sector, which is a key driver of economic growth and job creation 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 watched by economists and policymakers to assess the financing conditions for the SME sector, which is vital for private sector development.
Q: Are there update delays or limitations?
A: The data is published with some delay, and may not capture all SME lending activities in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Comoros (COMFCSODCSGGDPPT), retrieved from FRED.