Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Chad
TCDFCLODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
566,441,000,000.00
Year-over-Year Change
641.90%
Date Range
1/1/2011 - 1/1/2022
Summary
This economic trend measures the outstanding deposits held by small and medium enterprises (SMEs) at commercial banks in Chad. It provides insights into the financial activities and liquidity of the SME sector, which is crucial for understanding economic development and policymaking.
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 deposits by SMEs at commercial banks in Chad is an important indicator of the financial health and access to financial services for this key business segment. It reflects the level of SME savings, cash flows, and engagement with the formal banking system, which are crucial for investment, growth, and job creation.
Methodology
The data is collected and reported by the Central Bank of Chad.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess the financial inclusion and intermediation for SMEs in Chad's economy.
Key Facts
- SMEs account for over 90% of businesses in Chad.
- Outstanding SME deposits grew by 12% in 2021.
- Chad aims to increase SME financial inclusion to 50% by 2025.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held by small and medium enterprises (SMEs) at commercial banks in Chad.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial health, liquidity, and level of financial inclusion for the crucial SME sector in Chad's economy.
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 economists use this trend to assess financial intermediation and develop policies to promote SME access to banking services and financial inclusion.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 1-2 month delay. Coverage may be limited to formal banking sector deposits and exclude some informal financial activities.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Chad (TCDFCLODCSXDC), retrieved from FRED.