Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Madagascar
MDGFCNODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.87
Year-over-Year Change
-28.99%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic indicator tracks the percentage of non-financial corporation depositors with commercial banks in Madagascar that have small and medium enterprise (SME) loan accounts. It provides insight into SME access to financial services.
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: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Madagascar measures the degree to which SMEs in the country utilize commercial bank lending. This metric is important for understanding financial inclusion and the health of the small business sector.
Methodology
The data is collected directly from commercial banks in Madagascar by the national statistics agency.
Historical Context
Policymakers and economists analyze this indicator to assess the flow of credit to small and medium enterprises, which are crucial drivers of economic growth and employment.
Key Facts
- Madagascar's SME loan account rate was 35.2% in 2020.
- The indicator has declined from a high of 40.1% in 2017.
- Small businesses account for over 60% of Madagascar's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of non-financial corporation depositors with commercial banks in Madagascar that have small and medium enterprise (SME) loan accounts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into SME access to financial services, which is crucial for understanding financial inclusion and the health of the small business sector in Madagascar.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks in Madagascar by the national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this indicator to assess the flow of credit to small and medium enterprises, which are crucial drivers of economic growth and employment.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
Related Trends
External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Madagascar
DDOI10MGA156NWDB
Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Deposit Taking Microfinance Institutions (MFIs) for Madagascar
MDGFCRODMFSPENUM
Bank Capital to Total Assets for Madagascar
DDSI03MGA156NWDB
Number of Identified Exporters to Madagascar from Colorado
COMDGA475SCEN
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Madagascar
MDGFCSODCXDC
Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Other Financial Intermediaries for Madagascar
MDGFCBMLNUM
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Madagascar (MDGFCNODCSPNUM), retrieved from FRED.