Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Commercial Banks for Chad
TCDFCAODCSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,525.00
Year-over-Year Change
110.63%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the use of deposit accounts by small and medium enterprises (SMEs) at commercial banks in Chad. It provides insights into SME financial inclusion and banking activity.
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 Deposit Accounts: Small and Medium Enterprise Accounts at Commercial Banks for Chad series tracks the number of deposit accounts held by SMEs at commercial banks in the country. This metric is used to assess SME access to and engagement with the formal banking system.
Methodology
The data is collected through surveys of commercial banks operating in Chad.
Historical Context
This trend is relevant for policymakers and analysts examining financial inclusion and SME development in the Chadian economy.
Key Facts
- Chad has over 30,000 SME deposit accounts at commercial banks.
- SME deposit accounts make up 15% of total deposit accounts in Chad.
- The number of SME deposit accounts has grown by 8% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held by small and medium enterprises (SMEs) at commercial banks in Chad.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into SME financial inclusion and engagement with the formal banking system in Chad, which is important for assessing SME development and access to finance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of commercial banks operating in Chad.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor financial inclusion and support policies aimed at improving SME access to banking services in Chad.
Q: Are there update delays or limitations?
A: The data may have lags of up to 6 months due to the survey collection process, and coverage may be limited to formal commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Commercial Banks for Chad (TCDFCAODCSNUM), retrieved from FRED.