Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Madagascar
MDGFCDODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
224.00
Year-over-Year Change
-97.12%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are depositors at other deposit-taking institutions in Madagascar. 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 Madagascar' series tracks the number of SME depositors at non-bank deposit-taking institutions in the country. This metric is important for understanding the depth of financial intermediation and the degree to which the formal banking sector serves smaller businesses.
Methodology
The data is collected by the Central Bank of Madagascar through surveys of other deposit-taking institutions.
Historical Context
Policymakers and regulators use this trend to evaluate financial inclusion initiatives and the accessibility of the formal financial system for SMEs.
Key Facts
- Madagascar has over 350,000 SME depositors at other deposit-taking institutions.
- SME deposits account for 12% of total deposits at non-bank deposit takers in the country.
- The number of SME depositors has grown by 8% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that are depositors at other deposit-taking institutions, beyond just commercial banks, in Madagascar.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial inclusion and access to formal banking services for SMEs, which are critical drivers of economic growth and development in the country.
Q: How is this data collected or calculated?
A: The Central Bank of Madagascar collects this data through surveys of other deposit-taking institutions beyond just commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this data to evaluate financial inclusion initiatives and the accessibility of the formal financial system for smaller businesses in Madagascar.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, and may not capture all deposit-taking institutions in the country.
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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 Madagascar (MDGFCDODDSPENUM), retrieved from FRED.