Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Gambia, The
GMBFCDODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,389.00
Year-over-Year Change
5.22%
Date Range
1/1/2004 - 1/1/2012
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that have depositor accounts with other deposit-taking institutions in The Gambia. It provides insights into the level of financial inclusion and access to banking services for SMEs, a crucial segment of the 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: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Gambia, The' series tracks the total number of SME depositors at financial institutions other than commercial banks in The Gambia. This data point is important for understanding the broader financial landscape and the degree to which SMEs are integrated into the formal banking system.
Methodology
The data is collected by the Central Bank of The Gambia through surveys of non-bank deposit-taking institutions.
Historical Context
This trend is relevant for policymakers and analysts assessing financial inclusion and SME access to credit and other banking services in The Gambia.
Key Facts
- The Gambia has a largely informal economy, with SMEs accounting for over 90% of businesses.
- Access to formal banking services remains a challenge for many Gambian SMEs.
- Increasing SME financial inclusion is a key policy priority for the government of The Gambia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that have depositor accounts with financial institutions other than commercial banks in The Gambia.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into the level of financial inclusion and access to banking services for SMEs, a crucial segment of the Gambian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of The Gambia through surveys of non-bank deposit-taking institutions.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts assessing financial inclusion and SME access to credit and other banking services in The Gambia.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and limited coverage of informal or unregistered non-bank deposit takers.
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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 Gambia, The (GMBFCDODDSPENUM), retrieved from FRED.