Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Ethiopia
ETHFCDODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,887,043.00
Year-over-Year Change
68.63%
Date Range
1/1/2007 - 1/1/2012
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are depositors at non-bank financial institutions in Ethiopia. It provides insights into the financial inclusion and access to banking services for SMEs, 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: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Ethiopia' series tracks the number of SME depositors at non-bank deposit-taking institutions in the country. This metric helps assess the degree of financial intermediation and access to formal financial services for smaller businesses.
Methodology
The data is collected through surveys of non-bank deposit takers in Ethiopia.
Historical Context
Policymakers use this trend to evaluate financial sector development and guide policies aimed at improving SME access to credit and other banking services.
Key Facts
- SMEs account for over 90% of businesses in Ethiopia.
- Only 35% of Ethiopian adults have a bank account.
- Access to finance is a top constraint for Ethiopian SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that are depositors at non-bank financial institutions in Ethiopia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial inclusion and access to banking services for SMEs, which are a key driver of economic growth in Ethiopia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of non-bank deposit takers in Ethiopia.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to evaluate financial sector development and guide policies aimed at improving SME access to credit and other banking services.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and limited coverage of the non-bank financial sector in Ethiopia.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Ethiopia (ETHFCDODDSPENUM), retrieved from FRED.