Firms with a Bank Loan or Line of Credit to Total Firms for Albania
DDAI03ALA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.80
Year-over-Year Change
-10.43%
Date Range
1/1/2007 - 1/1/2019
Summary
This economic trend measures the percentage of firms in Albania that have a bank loan or line of credit. It provides insight into the access to finance for businesses in the country.
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 'Firms with a Bank Loan or Line of Credit to Total Firms' indicator tracks the proportion of firms in Albania that utilize formal banking services for their financing needs. This metric is used by economists and policymakers to assess the financial inclusion and access to credit within the private sector.
Methodology
The data is collected through enterprise surveys conducted by the World Bank.
Historical Context
This indicator offers valuable context for understanding the health and development of Albania's credit markets and private sector.
Key Facts
- Albania's firm bank loan access rate was 51.7% in 2019.
- This indicator has remained relatively stable over the past decade.
- Access to bank financing is a key driver of private sector growth.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of firms in Albania that have access to a bank loan or line of credit, providing insight into the financial inclusion of the private sector.
Q: Why is this trend relevant for users or analysts?
A: The proportion of firms with access to formal banking services is an important metric for understanding the development and health of Albania's credit markets and private sector.
Q: How is this data collected or calculated?
A: The data is collected through enterprise surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess financial inclusion and access to credit, which are key drivers of private sector growth and economic development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the survey methodology may not capture all informal financing sources.
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Citation
U.S. Federal Reserve, Firms with a Bank Loan or Line of Credit to Total Firms for Albania (DDAI03ALA156NWDB), retrieved from FRED.