Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Rwanda
DDAI04RWA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.90
Year-over-Year Change
49.55%
Date Range
1/1/2006 - 1/1/2019
Summary
This trend measures the percentage of small firms in Rwanda that have a bank loan or line of credit. It provides insight into the access to financing for small businesses, a key factor in 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' indicator tracks the availability of formal financial services for small enterprises in Rwanda. It is an important metric for evaluating the financial inclusion and growth potential of the small business sector.
Methodology
The data is collected through enterprise surveys conducted by the World Bank.
Historical Context
This indicator is widely used by policymakers, development organizations, and economists to assess financial access barriers and guide policies supporting small business growth.
Key Facts
- Rwanda's small firm bank loan access rate was 31.9% in 2019.
- Small firms are defined as those with 5-99 employees.
- Improving small business financing is a key priority for Rwanda's economic growth strategy.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of small firms in Rwanda that have a bank loan or line of credit, providing insight into small business access to formal financial services.
Q: Why is this trend relevant for users or analysts?
A: The availability of business financing is a critical factor in enabling small enterprise growth and economic development, making this an important metric for policymakers and economists.
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 is widely used by policymakers, development organizations, and economists to assess financial access barriers and guide policies supporting small business growth in Rwanda.
Q: Are there update delays or limitations?
A: The data is published on an irregular basis, with the most recent figure available for 2019.
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Citation
U.S. Federal Reserve, Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Rwanda (DDAI04RWA156NWDB), retrieved from FRED.