Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Non-deposit Taking Microfinance Institutions (MFIs) for Georgia
GEOFCLOFMFSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75,784,600.00
Year-over-Year Change
1032.23%
Date Range
1/1/2007 - 1/1/2017
Summary
This economic trend measures the outstanding deposits held by small and medium enterprises (SMEs) at non-deposit taking microfinance institutions (MFIs) in Georgia. It provides insights into the financing and deposit activities of SMEs, which are a critical component of the Georgian economy.
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, Liabilities: Outstanding Deposits by SMEs at Non-deposit Taking MFIs for Georgia series tracks the total value of deposits held by SMEs at MFIs that do not accept deposits from the general public. This data point helps researchers and policymakers understand the financing and liquidity conditions for small businesses in the country.
Methodology
The data is collected by the National Bank of Georgia through surveys of microfinance institutions.
Historical Context
This trend is relevant for assessing the financial inclusion and access to credit for SMEs, which are important drivers of economic growth and development.
Key Facts
- Georgia has over 700,000 SMEs, accounting for 99% of all businesses.
- MFIs provide critical financing to SMEs that lack access to traditional banking.
- Deposits at non-deposit taking MFIs totaled $XXX million as of the latest data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by small and medium enterprises (SMEs) at non-deposit taking microfinance institutions (MFIs) in Georgia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the financing and liquidity conditions for SMEs, which are critical drivers of economic growth and development in Georgia.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Georgia through surveys of microfinance institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess financial inclusion and access to credit for small businesses, which informs decisions around supporting SME development.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a slight delay from the end of the reporting period.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Non-deposit Taking Microfinance Institutions (MFIs) for Georgia (GEOFCLOFMFSXDC), retrieved from FRED.