Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Borrowers from Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Romania
ROUFCRODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.60
Year-over-Year Change
-0.28%
Date Range
1/1/2008 - 1/1/2014
Summary
This economic trend measures the use of financial services by small and medium enterprises (SMEs) in Romania, specifically the percentage of SMEs that are borrowers from commercial banks among all non-financial corporation depositors with commercial banks.
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 indicator provides insights into the extent to which SMEs in Romania are accessing commercial bank credit, which is an important aspect of financial inclusion and the health of the broader business environment.
Methodology
The data is collected and calculated by the National Bank of Romania.
Historical Context
This trend is relevant for policymakers and analysts assessing the financing conditions and financial access for small businesses in Romania.
Key Facts
- SMEs account for over 99% of all enterprises in Romania.
- Access to bank credit is a key challenge for many Romanian SMEs.
- Romania has one of the lowest SME lending rates in the European Union.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of small and medium enterprises (SMEs) in Romania that are borrowers from commercial banks among all non-financial corporation depositors with commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and access to credit for SMEs in Romania, which is an important indicator of the overall business environment and economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the National Bank of Romania.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess the financing conditions and financial access for small businesses in Romania, which can inform policies aimed at supporting SME development.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the National Bank of Romania, and there may be some limitations in coverage or representativeness.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Borrowers from Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Romania (ROUFCRODCSPNUM), retrieved from FRED.