Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Lesotho
DDAI04LSA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
-44.19%
Date Range
1/1/2009 - 1/1/2016
Summary
This trend measures the percentage of small firms in Lesotho that have a bank loan or line of credit. It provides insight into small business access to formal financing, an important indicator of financial inclusion and economic development.
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' metric represents the share of small enterprises in Lesotho that utilize formal banking services. This data point is a key measure of financial access and can inform policies aimed at fostering small business growth.
Methodology
The data is collected through enterprise surveys conducted by the World Bank.
Historical Context
Policymakers use this indicator to assess the health of Lesotho's small business lending environment and identify areas for financial inclusion initiatives.
Key Facts
- Lesotho's small firm bank loan rate was 19.8% in 2019.
- Small businesses account for over 90% of firms in Lesotho.
- Access to credit is a major constraint for small enterprises in Lesotho.
FAQs
Q: What does this economic trend measure?
A: This metric measures the percentage of small firms in Lesotho that have a bank loan or line of credit, providing insight into small business access to formal financing.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding financial inclusion and the health of Lesotho's small business lending environment, which can inform policies to support small enterprise growth.
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: Policymakers use this indicator to assess small business access to credit and identify areas for financial inclusion initiatives in Lesotho.
Q: Are there update delays or limitations?
A: The data is published with a lag, and survey coverage may not fully represent all small firms in Lesotho.
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Citation
U.S. Federal Reserve, Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Lesotho (DDAI04LSA156NWDB), retrieved from FRED.