Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Comoros
COMFCSODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,759,089,927.28
Year-over-Year Change
434.93%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in Comoros. It provides insight into the level of credit access for the country's 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, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Comoros series tracks the total value of loans extended by commercial banks to small and medium-sized businesses in the country. This metric is an important indicator of financial inclusion and the availability of capital for SMEs, which are vital contributors to employment and innovation.
Methodology
The data is collected by the Central Bank of Comoros through its monitoring of commercial bank lending activities.
Historical Context
Policymakers and economists use this trend to assess the health of Comoros' SME financing ecosystem and inform decisions around financial sector development programs.
Key Facts
- Comoros has over 15,000 registered SMEs.
- SMEs account for 50% of GDP in Comoros.
- Access to finance is a major constraint for Comorian SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans made by commercial banks in Comoros to small and medium-sized enterprises (SMEs).
Q: Why is this trend relevant for users or analysts?
A: The level of SME lending is a key indicator of financial inclusion and access to capital for the small business sector, which is crucial for economic growth and development in Comoros.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Comoros through its monitoring of commercial bank lending activities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of Comoros' SME financing ecosystem and inform decisions around financial sector development programs.
Q: Are there update delays or limitations?
A: The data may have some delays in reporting due to the challenges of data collection in Comoros, and the metric may not capture all SME financing sources beyond commercial bank loans.
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COMEREERIX
Net Lending/borrowing (excluding Grants) for General Government for Comoros
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Value of Exports to Comoros from Georgia
GACOMA052SCEN
Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Other Deposit Takers for Comoros
COMFCNODDSNUM
Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Comoros (COMFCSODCSXDC), retrieved from FRED.