Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Fiji
FJIFCNODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.44
Year-over-Year Change
210.33%
Date Range
1/1/2006 - 1/1/2014
Summary
This indicator tracks the percentage of non-financial corporation depositors with commercial banks in Fiji that have small and medium enterprise (SME) loan accounts. It provides insights into SME access to financial services.
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 'Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Fiji' metric measures the degree of SME lending activity relative to the overall commercial banking customer base in the country.
Methodology
The data is collected by the Fijian central bank through surveys of commercial banks.
Historical Context
This indicator is relevant for policymakers and analysts assessing the financial inclusion and access to credit for SMEs in Fiji.
Key Facts
- Fiji has a large SME sector, comprising over 95% of all enterprises.
- SMEs contribute about 30% to Fiji's GDP.
- Access to finance remains a key challenge for many Fijian SMEs.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of non-financial corporation depositors with commercial banks in Fiji that have small and medium enterprise (SME) loan accounts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the degree of financial inclusion and access to credit for SMEs in Fiji, which is crucial for understanding the health of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected by the Fijian central bank through surveys of commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess financial inclusion and access to credit for SMEs, which informs policies aimed at supporting small businesses and promoting economic development in Fiji.
Q: Are there update delays or limitations?
A: The data may be subject to collection and reporting delays by the Fijian central bank.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Fiji (FJIFCNODCSPNUM), retrieved from FRED.