Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Nicaragua
DDAI04NIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.70
Year-over-Year Change
-3.01%
Date Range
1/1/2006 - 1/1/2016
Summary
This economic trend measures the percentage of small firms in Nicaragua that have access to bank loans or lines of credit. It provides insight into the financial inclusion and credit access 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' statistic represents the share of small enterprises in Nicaragua that utilize formal banking services. This metric is a key indicator of financial access and development for the small business sector.
Methodology
The data is collected through business surveys and reported by the World Bank.
Historical Context
This trend is used by policymakers and analysts to evaluate financial inclusion policies and monitor the health of Nicaragua's small business ecosystem.
Key Facts
- Nicaragua's small firm bank loan/credit access was 31.3% in 2019.
- Access to formal financing remains a key challenge for many small businesses in Nicaragua.
- Improving financial inclusion is a policy priority to support small enterprise growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of small firms in Nicaragua that have access to bank loans or lines 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 financial development and access to capital for small enterprises, which are critical to economic growth and job creation in Nicaragua.
Q: How is this data collected or calculated?
A: The data is collected through business surveys and reported by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate financial inclusion policies and monitor the health of Nicaragua's small business ecosystem.
Q: Are there update delays or limitations?
A: The data is published with a lag and may not reflect the most recent economic conditions in Nicaragua.
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Citation
U.S. Federal Reserve, Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Nicaragua (DDAI04NIA156NWDB), retrieved from FRED.