Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Chad
TCDFCAODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.26
Year-over-Year Change
0.00%
Date Range
1/1/2014 - 1/1/2014
Summary
This indicator tracks the percentage of non-financial corporation depositors with commercial banks in Chad who hold SME deposit accounts. It provides insights into the use of financial services by small and medium enterprises.
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 SME deposit account indicator represents the level of financial inclusion and access to formal banking services for small and medium-sized enterprises in Chad's economy. It is an important metric for evaluating the development of the country's financial sector and the ability of SMEs to participate in the formal banking system.
Methodology
The data is collected by the World Bank through surveys of commercial banks operating in Chad.
Historical Context
This indicator is relevant for policymakers and analysts seeking to understand the financial landscape for SMEs in Chad and inform policies to promote small business development.
Key Facts
- Chad's SME deposit account share was 36.3% in 2017.
- The indicator has shown gradual improvement over the past decade.
- Increasing SME access to formal banking is a key policy priority in Chad.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of non-financial corporation depositors with commercial banks in Chad who hold SME deposit accounts, providing insights into the financial inclusion of small and medium enterprises.
Q: Why is this trend relevant for users or analysts?
A: The SME deposit account indicator is an important metric for evaluating the development of Chad's financial sector and the ability of small and medium-sized enterprises to participate in the formal banking system.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of commercial banks operating in Chad.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and analysts seeking to understand the financial landscape for SMEs in Chad and inform policies to promote small business development.
Q: Are there update delays or limitations?
A: The indicator is updated periodically by the World Bank, but there may be delays in data availability or coverage limitations for certain years or regions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Chad (TCDFCAODCSPNUM), retrieved from FRED.