Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Other Deposit Takers for Dominican Republic
DOMFCNODDSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
323,902.00
Year-over-Year Change
206.52%
Date Range
1/1/2006 - 1/1/2017
Summary
This economic trend measures the number of loan accounts for small and medium enterprises (SMEs) at deposit-taking institutions other than banks in the Dominican Republic. It provides insights into the access to financial services for this critical business segment.
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 number of loan accounts for SMEs at non-bank deposit-taking institutions is an important indicator of financial inclusion and the overall health of the SME financing ecosystem in the Dominican Republic. It helps policymakers and analysts assess the availability of credit and other financial services to this key driver of economic growth.
Methodology
The data is collected and reported by the Central Bank of the Dominican Republic.
Historical Context
This trend is used to inform policies and programs aimed at promoting SME finance and private sector development.
Key Facts
- SMEs account for over 90% of businesses in the Dominican Republic.
- Access to finance is a major constraint for SME growth in the country.
- The Dominican Republic aims to increase SME participation in the formal financial sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts for small and medium enterprises (SMEs) at deposit-taking institutions other than banks in the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the availability of credit and other financial services for SMEs, which are a critical driver of economic growth in the Dominican Republic. It helps inform policies and programs aimed at promoting SME finance and private sector development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Dominican Republic.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess the state of financial inclusion and the overall health of the SME financing ecosystem in the Dominican Republic, in order to inform policies and programs aimed at supporting private sector development.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and procedures of the Central Bank of the Dominican Republic, which may result in occasional delays or limitations in data availability.
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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 Dominican Republic (DOMFCNODDSNUM), retrieved from FRED.