Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Guinea-Bissau
DDAI04GWA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
0.00%
Date Range
1/1/2006 - 1/1/2006
Summary
This economic trend measures the percentage of small firms in Guinea-Bissau that have access to bank loans or lines of credit. It provides insights into the financial inclusion and credit conditions 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' indicator represents the share of small enterprises in Guinea-Bissau that utilize formal banking services. This metric is used by economists and policymakers to assess access to finance and credit market development for the small business sector.
Methodology
The data is collected through enterprise surveys conducted by the World Bank.
Historical Context
This indicator informs policies aimed at promoting financial inclusion and small business development in Guinea-Bissau.
Key Facts
- The latest value for this indicator in Guinea-Bissau is 10.4%.
- Access to credit for small firms in Guinea-Bissau is well below the regional average for Sub-Saharan Africa.
- Improving financial inclusion for small businesses is a key policy priority in Guinea-Bissau.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of small firms in Guinea-Bissau that have access to bank loans or lines of credit. It provides insights into the financial inclusion of the small business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding the credit conditions and financial access faced by small enterprises, which are critical for private sector development and economic growth in Guinea-Bissau.
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 informs policies aimed at promoting financial inclusion and supporting the small business sector in Guinea-Bissau.
Q: Are there update delays or limitations?
A: The data may have a lag of several years, as it relies on infrequent enterprise surveys. The indicator also does not capture informal sources of credit for small firms.
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Citation
U.S. Federal Reserve, Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Guinea-Bissau (DDAI04GWA156NWDB), retrieved from FRED.