Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Mali
MLIFCDODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2013
Summary
This economic trend measures the percentage of non-financial corporation depositors with commercial banks in Mali that are small and medium enterprises (SMEs). It provides insight into the use of financial services by this key segment of the Malian 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: Key Indicators, SME Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Mali series tracks the relative participation of SMEs in the commercial banking system. This metric is important for evaluating financial inclusion and access to formal financial services by smaller businesses.
Methodology
The data is collected by the World Bank through surveys of commercial banks operating in Mali.
Historical Context
This indicator is used by policymakers and analysts to assess the degree of financial intermediation and overall development of Mali's private sector.
Key Facts
- SMEs account for over 90% of businesses in Mali.
- Mali's SME depositors hold less than 50% of total non-financial corporation deposits.
- Increasing SME participation in the formal banking sector is a key policy priority.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of non-financial corporation depositors with commercial banks in Mali that are small and medium enterprises (SMEs).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and access to formal banking services for a key segment of Mali's private sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of commercial banks operating in Mali conducted by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess financial intermediation and overall development of Mali's private sector, which is critical for economic growth.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the survey-based methodology has some inherent limitations in coverage and accuracy.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Mali (MLIFCDODCSPNUM), retrieved from FRED.