Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Namibia
NAMFCDODCSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,542.00
Year-over-Year Change
2681.60%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that have depositor accounts at commercial banks in Namibia. It provides insight into the financial inclusion and banking activity of this important 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: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Namibia series tracks the total count of SME depositors with accounts at Namibian commercial banks. This metric is used to assess the degree of financial access and integration for small and medium businesses in the Namibian economy.
Methodology
The data is collected directly from Namibian commercial banks.
Historical Context
This trend is relevant for policymakers and analysts examining financial inclusion and SME development in Namibia.
Key Facts
- SMEs make up over 90% of businesses in Namibia.
- Namibia aims to increase SME financial inclusion to 80% by 2025.
- Commercial bank deposits are a key source of financing for Namibian SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of small and medium enterprises (SMEs) that hold deposit accounts at commercial banks in Namibia.
Q: Why is this trend relevant for users or analysts?
A: Tracking SME depositor numbers provides insight into the financial inclusion and banking activity of this crucial business segment in the Namibian economy.
Q: How is this data collected or calculated?
A: The data is collected directly from Namibian commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess progress on financial inclusion and SME development goals in Namibia.
Q: Are there update delays or limitations?
A: There may be delays in reporting from commercial banks, and the data does not capture unbanked SMEs.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Namibia (NAMFCDODCSPENUM), retrieved from FRED.