Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for El Salvador
SLVFCLODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.99
Year-over-Year Change
-23.46%
Date Range
1/1/2004 - 1/1/2013
Summary
This trend measures the outstanding deposits of small and medium enterprises (SMEs) with commercial banks in El Salvador as a percentage of the country's GDP. It provides insights into the financial health and access to banking services for this crucial 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 outstanding SME deposits with commercial banks is an indicator of the depth and inclusiveness of the financial system in El Salvador. It reflects the ability of SMEs to save and access banking services, which is an important factor in supporting private sector development and economic growth.
Methodology
The data is collected by the Central Reserve Bank of El Salvador through reporting from commercial banks.
Historical Context
This indicator is used by policymakers and analysts to assess the financial inclusion and intermediation in the Salvadoran economy.
Key Facts
- SMEs account for over 90% of businesses in El Salvador.
- Deposits represent a key source of financing for SMEs.
- The trend has shown gradual improvement since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits of small and medium enterprises (SMEs) with commercial banks in El Salvador as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: The outstanding SME deposits with commercial banks is an indicator of the depth and inclusiveness of the financial system in El Salvador, reflecting the ability of SMEs to save and access banking services, which is important for supporting private sector development and economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the Central Reserve Bank of El Salvador through reporting from commercial banks.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and analysts to assess the financial inclusion and intermediation in the Salvadoran economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Reserve Bank of El Salvador, with occasional delays or data revisions.
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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 El Salvador (SLVFCLODCSGGDPPT), retrieved from FRED.