Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Solomon Islands
SLBFCDODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.00
Year-over-Year Change
890.00%
Date Range
1/1/2006 - 1/1/2014
Summary
This economic trend measures the number of small and medium-sized enterprise (SME) depositors at other deposit-taking institutions in Solomon Islands. It provides insight into the financial inclusion and access to banking services for SMEs, which are critical for economic 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 Depositors which are Small and Medium Enterprises at Other Deposit Takers for Solomon Islands indicator tracks the total number of SME depositors at deposit-taking institutions outside of the formal banking sector. This metric is used to assess the level of financial inclusion and access to banking services for smaller businesses in the Solomon Islands economy.
Methodology
The data is collected through surveys of non-bank deposit-taking institutions in Solomon Islands.
Historical Context
This trend is relevant for policymakers and financial regulators seeking to monitor and promote financial inclusion and access to capital for SMEs.
Key Facts
- Solomon Islands has a population of around 700,000 people.
- SMEs account for over 90% of businesses in the Solomon Islands.
- Access to banking services remains a challenge for many SMEs in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium-sized enterprise (SME) depositors at deposit-taking institutions outside the formal banking sector in Solomon Islands.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and access to banking services for smaller businesses, which is crucial for economic development in Solomon Islands.
Q: How is this data collected or calculated?
A: The data is collected through surveys of non-bank deposit-taking institutions in Solomon Islands.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and financial regulators seeking to monitor and promote financial inclusion and access to capital for SMEs in Solomon Islands.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and potential delays in collection or reporting from non-bank institutions in Solomon Islands.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Solomon Islands (SLBFCDODDSPENUM), retrieved from FRED.