Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Chad
TCDFCLODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.15
Year-over-Year Change
437.04%
Date Range
1/1/2011 - 1/1/2022
Summary
This economic trend measures the outstanding deposits held by small and medium enterprises (SMEs) with commercial banks in Chad, expressed as a percentage of the country's GDP. It provides insights into the financing and liquidity conditions for the SME sector, which is 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: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Chad metric tracks the total value of deposits held by SMEs with commercial banks in the country. This indicator offers a window into the accessibility and utilization of formal financial services by smaller businesses, which are often a key driver of job creation and innovation.
Methodology
The data is collected and reported by the Central Bank of Chad.
Historical Context
Policymakers and analysts use this metric to assess the financial health and inclusion of the SME sector, which can inform policies aimed at promoting private sector growth.
Key Facts
- SMEs account for over 90% of businesses in Chad.
- Deposits held by SMEs in Chad are equivalent to around 5% of GDP.
- Improving SME access to finance is a key development priority in Chad.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held by small and medium enterprises (SMEs) with commercial banks in Chad, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financing and liquidity conditions for the SME sector in Chad, which is crucial for economic development and private sector growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Chad.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the financial health and inclusion of the SME sector, which can inform policies aimed at promoting private sector growth.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or other limitations typical of macroeconomic indicators in developing countries.
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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 Chad (TCDFCLODCSGGDPPT), retrieved from FRED.