Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Benin
DDAI04BJA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
-62.09%
Date Range
1/1/2009 - 1/1/2016
Summary
This economic trend measures the percentage of small firms in Benin that have access to bank loans or credit lines. It provides insights into the financial inclusion and access to capital for small 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 'Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Benin' metric tracks the ratio of small enterprises in Benin that utilize formal banking services and financing products. This data point is important for understanding the financial landscape and constraints facing small firms, which are critical drivers of economic growth and development.
Methodology
The data is collected through business surveys and census activities by the World Bank.
Historical Context
This trend is useful for policymakers and development organizations seeking to promote small business growth and financial inclusion in Benin.
Key Facts
- Benin's small firms with bank loans/credit were 9.5% in 2019.
- Improving access to finance is a key priority for small business growth.
- Financial inclusion is linked to broader economic development in Benin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of small firms in Benin that have access to bank loans or credit lines, providing insights into the financial inclusion of small businesses.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the financial landscape and constraints facing small firms, which are critical drivers of economic growth and development in Benin.
Q: How is this data collected or calculated?
A: The data is collected through business surveys and census activities by the World Bank.
Q: How is this trend used in economic policy?
A: This trend is useful for policymakers and development organizations seeking to promote small business growth and financial inclusion in Benin.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timing of World Bank surveys and census activities in Benin.
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Citation
U.S. Federal Reserve, Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Benin (DDAI04BJA156NWDB), retrieved from FRED.