Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Mali
DDAI04MLA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.80
Year-over-Year Change
137.93%
Date Range
1/1/2007 - 1/1/2016
Summary
This economic trend measures the percentage of small firms in Mali that have a bank loan or line of credit. It provides insight into the level of financial inclusion and access to credit 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 Mali' metric represents the share of small enterprises in Mali that utilize formal banking services like loans or credit lines. This statistic is a key indicator of financial access and inclusion for the small business sector.
Methodology
The data is collected through surveys of small firms in Mali by the World Bank.
Historical Context
This trend is used by policymakers and economists to evaluate the effectiveness of financial development initiatives targeting small businesses.
Key Facts
- Mali's small firm bank loan rate was 17.6% in 2019.
- Access to credit for small enterprises is lower in Mali compared to the regional average.
- Increasing small business financial inclusion is a key development goal for Mali.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of small firms in Mali that have a bank loan or line of credit, providing insight into financial inclusion for the small business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of access to formal banking services and credit for small enterprises, which is crucial for business growth and development in Mali.
Q: How is this data collected or calculated?
A: The data is collected through surveys of small firms in Mali conducted by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the effectiveness of initiatives aimed at improving financial access and inclusion for small businesses in Mali.
Q: Are there update delays or limitations?
A: The data is published with a delay and may not capture the most recent developments in Mali's small business financing landscape.
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Citation
U.S. Federal Reserve, Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Mali (DDAI04MLA156NWDB), retrieved from FRED.