Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Commercial Banks for Malawi
MWIFCNODCSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,345.00
Year-over-Year Change
186.91%
Date Range
1/1/2012 - 1/1/2022
Summary
This economic trend measures the number of loan accounts for small and medium enterprises (SMEs) at commercial banks in Malawi. It provides insights into the accessibility and utilization of financial services by the SME sector, which is crucial for economic growth and development.
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 Loan Accounts for Small and Medium Enterprises at Commercial Banks for Malawi is an important indicator for assessing the financial inclusion and access to credit for SMEs in the country. It helps policymakers and analysts understand the extent to which the banking system is serving the needs of small and medium-sized businesses.
Methodology
The data is collected by the Central Bank of Malawi through its regular surveys and reporting from commercial banks.
Historical Context
This trend is used by policymakers, financial institutions, and economic analysts to evaluate the effectiveness of financial inclusion policies and the health of the SME lending market.
Key Facts
- Malawi has over 1 million registered SMEs.
- SMEs account for 50% of Malawi's GDP.
- Access to finance is a major constraint for Malawian SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts for small and medium enterprises (SMEs) at commercial banks in Malawi. It provides insights into the financial inclusion and access to credit for the SME sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, financial institutions, and economic analysts as it helps evaluate the effectiveness of financial inclusion policies and the health of the SME lending market in Malawi.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Malawi through its regular surveys and reporting from commercial banks.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators to monitor the accessibility of financial services for small and medium enterprises, which is crucial for supporting economic growth and development.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays by commercial banks, and the coverage of SMEs may not be comprehensive across the entire banking sector.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Commercial Banks for Malawi (MWIFCNODCSNUM), retrieved from FRED.