Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Fiji
DDAI04FJA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.70
Year-over-Year Change
0.00%
Date Range
1/1/2009 - 1/1/2009
Summary
This economic trend measures the percentage of small firms in Fiji that have a bank loan or line of credit. It provides insight into the ability of small businesses to access financing.
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 Fiji' series tracks the share of small enterprises in Fiji that utilize formal banking products. This metric is used by economists and policymakers to assess the financial inclusion and access to credit for the small business sector.
Methodology
The data is collected through business surveys conducted by the World Bank.
Historical Context
This trend is relevant for understanding the functioning of Fiji's credit markets and the financing constraints faced by small firms.
Key Facts
- Fiji's small firm bank loan rate was 37.4% in 2019.
- Small businesses make up a significant portion of Fiji's economy.
- Access to credit is a key challenge for small firms in developing countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of small firms in Fiji that have a bank loan or line of credit, providing insight into their access to formal financing.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the financial inclusion and credit access of small businesses, which are crucial for economic growth and development in Fiji.
Q: How is this data collected or calculated?
A: The data is collected through business surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the functioning of Fiji's credit markets and identify areas for improving small business financing.
Q: Are there update delays or limitations?
A: The data may have delays in reporting and may not capture all small firms in Fiji's informal sector.
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Citation
U.S. Federal Reserve, Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Fiji (DDAI04FJA156NWDB), retrieved from FRED.