Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Chad
TCDFCDODCSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,084.00
Year-over-Year Change
273.54%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that have deposit accounts at commercial banks in Chad. It provides insights into the level of financial inclusion and access to banking services for SMEs, which are crucial 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 Commercial Banks for Chad tracks the number of SME deposit accounts at commercial banks in the country. This metric is important for understanding the financial landscape and evaluating policies aimed at improving SMEs' access to formal banking services.
Methodology
The data is collected by the Central Bank of Chad through surveys of commercial banks operating in the country.
Historical Context
This trend is relevant for policymakers and economists analyzing financial inclusion and the development of the SME sector in Chad.
Key Facts
- Chad has a population of over 16 million people.
- SMEs account for over 90% of businesses in Chad.
- Access to formal banking services is limited in Chad.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that have deposit accounts at commercial banks in Chad.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and access to banking services for SMEs in Chad, which is crucial for economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Chad through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing financial inclusion and the development of the SME sector in Chad.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or incomplete coverage of commercial banks in Chad.
Related Trends
Total Expenditure of General Government for Chad
TCDGGXG01GDPPT
Net Lending/borrowing (excluding Grants) for General Government for Chad
TCDGGXCNLXGG01GDPPT
Number of Identified Exporters to Chad from Maryland
MDTCDA475SCEN
Value of Exports to Chad from Florida
FLTCDA052SCEN
Number of Identified Exporters to Chad from Wisconsin
WITCDA475SCEN
Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Chad
TCDFCMORNUM
Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Chad (TCDFCDODCSPENUM), retrieved from FRED.