Firms with a Bank Loan or Line of Credit to Total Firms for Ecuador
DDAI03ECA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.60
Year-over-Year Change
7.19%
Date Range
1/1/2006 - 1/1/2017
Summary
This trend measures the percentage of firms in Ecuador that have a bank loan or line of credit. It provides insight into the access to financing 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 represents the share of firms in Ecuador that report having a bank loan or line of credit. This metric is used to assess the financial inclusion and access to credit for the private sector.
Methodology
The data is collected through enterprise surveys conducted by the World Bank.
Historical Context
This indicator is relevant for policymakers and analysts examining financial sector development and the business environment in Ecuador.
Key Facts
- Ecuador's percentage of firms with a bank loan or line of credit was 36.4% in 2017.
- Access to finance is a key constraint for businesses in Ecuador.
- The metric has fluctuated between 35-45% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of firms in Ecuador that have a bank loan or line of credit, providing insight into the financial inclusion and access to credit for the private sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for policymakers and analysts examining financial sector development and the business environment in Ecuador.
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: This indicator is used to assess financial inclusion and access to credit for businesses, which are important factors in supporting private sector development and economic growth.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank based on their enterprise survey schedule, which may result in some delay in availability.
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Citation
U.S. Federal Reserve, Firms with a Bank Loan or Line of Credit to Total Firms for Ecuador (DDAI03ECA156NWDB), retrieved from FRED.