Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Madagascar
MDGFCLODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,338,110,715,962.88
Year-over-Year Change
213.88%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding deposits held by small and medium-sized enterprises (SMEs) at commercial banks in Madagascar. It provides insights into the financial health and access to banking services for this key 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 Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Madagascar series tracks the total value of deposits held by SMEs with commercial banks in the country. This metric is an important indicator of SME financial inclusion and the overall development of the Malagasy banking sector.
Methodology
The data is collected directly from commercial banks operating in Madagascar.
Historical Context
This trend is used by policymakers, regulators, and analysts to monitor SME access to formal financial services and identify areas for improving financial inclusion.
Key Facts
- SMEs account for over 90% of businesses in Madagascar.
- Formal financial inclusion for SMEs in Madagascar is below 20%.
- Outstanding SME deposits make up less than 10% of total bank deposits.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by small and medium-sized enterprises (SMEs) at commercial banks in Madagascar.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial health and inclusion of SMEs, a crucial segment of the Malagasy economy. It helps policymakers and regulators assess access to formal banking services.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in Madagascar.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, regulators, and analysts to monitor SME access to formal financial services and identify areas for improving financial inclusion in Madagascar.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags by commercial banks, and the coverage of SME deposits could be limited due to the informal nature of some businesses.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Madagascar (MDGFCLODCSXDC), retrieved from FRED.