Firms with a Bank Loan or Line of Credit to Total Firms for Lesotho
DDAI03LSA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.70
Year-over-Year Change
-41.93%
Date Range
1/1/2009 - 1/1/2016
Summary
This economic trend measures the percentage of firms in Lesotho that have a bank loan or line of credit. It provides insight into the availability of business financing 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 businesses in Lesotho that have access to formal credit markets. It is a key metric for evaluating the development and inclusiveness of the country's financial system.
Methodology
The data is collected through enterprise surveys conducted by the World Bank.
Historical Context
This indicator is widely used by policymakers and economists to assess financial inclusion and private sector development in Lesotho.
Key Facts
- Lesotho's rate of firm credit access is 22.7% as of the latest data.
- Access to finance is a key constraint for businesses in Lesotho.
- Improving credit availability is a priority for Lesotho's economic development.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of firms in Lesotho that have a bank loan or line of credit, providing insight into business access to formal financing.
Q: Why is this trend relevant for users or analysts?
A: The availability of credit for firms is a critical factor in private sector development and economic growth, making this metric highly relevant for policymakers and economists studying Lesotho's financial system.
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 by institutions and analysts to assess financial inclusion and inform policies aimed at improving access to finance for businesses in Lesotho.
Q: Are there update delays or limitations?
A: The data is published with a lag, and survey coverage may not be comprehensive across all firm sizes and sectors in Lesotho.
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Citation
U.S. Federal Reserve, Firms with a Bank Loan or Line of Credit to Total Firms for Lesotho (DDAI03LSA156NWDB), retrieved from FRED.