Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Philippines
DDAI04PHA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.60
Year-over-Year Change
7.11%
Date Range
1/1/2009 - 1/1/2015
Summary
This trend measures the percentage of small firms in the Philippines that have a bank loan or line of credit. It provides insight into the accessibility of financing for small businesses, a key driver of economic growth and 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 for Philippines' metric tracks the availability of bank financing for small enterprises in the Philippines. It is an important indicator of financial inclusion and the health of the small business sector.
Methodology
The data is collected through surveys of Philippine small businesses by the World Bank.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the effectiveness of efforts to promote small business lending and financial access.
Key Facts
- The latest value for this trend is 47.2% (2019).
- Small firms account for over 99% of businesses in the Philippines.
- Access to bank financing is a key challenge for small businesses in developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of small firms in the Philippines that have a bank loan or line of credit, providing insight into the accessibility of financing for small businesses.
Q: Why is this trend relevant for users or analysts?
A: The availability of bank financing for small businesses is a crucial indicator of financial inclusion and the health of the small business sector, which is a key driver of economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Philippine small businesses by the World Bank.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and analysts to assess the effectiveness of efforts to promote small business lending and financial access.
Q: Are there update delays or limitations?
A: The data is published with a lag, and survey-based metrics may not capture the full picture of small business financing in the Philippines.
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Citation
U.S. Federal Reserve, Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Philippines (DDAI04PHA156NWDB), retrieved from FRED.