Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Malawi
MWIFCLODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
-24.31%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic indicator tracks the volume of small and medium enterprise (SME) deposits held with commercial banks in Malawi, providing insights into the financial health and inclusion of the country's SME sector.
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, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Malawi metric measures the total value of deposits held by SMEs with commercial banking institutions in the country. This data point is used by economists and policymakers to assess the level of financial inclusion and access to formal banking services for small and medium-sized businesses.
Methodology
The data is collected by the Central Bank of Malawi through surveys of commercial banks operating in the country.
Historical Context
This indicator is relevant for understanding the financing environment and financial stability of Malawi's SME sector, which is a key driver of economic growth and employment.
Key Facts
- SMEs account for over 90% of businesses in Malawi.
- Malawi aims to increase SME financial inclusion to 70% by 2025.
- SME deposits represent around 20% of total bank deposits in Malawi.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of deposits held by small and medium enterprises (SMEs) with commercial banks in Malawi.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the level of financial inclusion and access to formal banking services for Malawi's SME sector, which is crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The Central Bank of Malawi collects this data through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the financing environment and financial stability of Malawi's SME sector, which is a key driver of economic growth and employment.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Malawi, but there may be some delays in reporting due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Malawi (MWIFCLODCSGGDPPT), retrieved from FRED.