Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Fiji
FJIFCSODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.91
Year-over-Year Change
201.76%
Date Range
1/1/2006 - 1/1/2022
Summary
This economic trend measures the outstanding small and medium enterprise (SME) loans from commercial banks in Fiji as a percentage of the country's gross domestic product. It provides insights into the financing and credit access for small businesses in the Fijian economy.
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, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Fiji series tracks the level of credit extended by commercial banks to SMEs in Fiji. This metric is used by economists and policymakers to assess the financial inclusion and support for small businesses, which are crucial for economic growth and development.
Methodology
The data is collected and calculated by the Fijian central bank based on reports from commercial banks operating in the country.
Historical Context
This indicator is relevant for understanding the financing environment for small businesses and informing policies aimed at promoting SME development and financial access.
Key Facts
- SMEs account for over 95% of businesses in Fiji.
- Fiji aims to increase SME lending to 40% of GDP by 2030.
- Access to finance is a key constraint for SMEs in Fiji.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding small and medium enterprise (SME) loans from commercial banks in Fiji as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financing and credit access for small businesses, which are crucial for economic growth and development in Fiji.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Fijian central bank based on reports from commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding the financing environment for small businesses and informing policies aimed at promoting SME development and financial inclusion in Fiji.
Q: Are there update delays or limitations?
A: The data is published regularly by the Fijian central bank, but there may be some delays in reporting and potential limitations in coverage or reporting by commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Fiji (FJIFCSODCSGGDPPT), retrieved from FRED.