Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Fiji
FJIFCSODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
860,351,995.01
Year-over-Year Change
445.07%
Date Range
1/1/2006 - 1/1/2022
Summary
This economic trend tracks the outstanding loans to small and medium enterprises (SMEs) at commercial banks in Fiji. It provides insights into the availability of credit for a crucial segment of 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 outstanding loans to SMEs at commercial banks in Fiji measure the level of financing available to these businesses, which are vital for economic growth and employment. This data helps policymakers and analysts assess the health of Fiji's financial system and its ability to support small and medium-sized enterprises.
Methodology
The data is collected directly from commercial banks operating in Fiji.
Historical Context
This trend is used by policymakers, economists, and financial institutions to evaluate the financing conditions for SMEs in Fiji.
Key Facts
- Fiji's SMEs account for over 90% of businesses in the country.
- SMEs contribute approximately 30% to Fiji's GDP.
- Access to credit is a key challenge for many Fijian SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in Fiji. It provides insights into the availability of credit for this crucial segment of the Fijian economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and financial institutions to assess the health of Fiji's financial system and its ability to support small and medium-sized enterprises, which are vital for economic growth and employment.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in Fiji.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial institutions to evaluate the financing conditions for SMEs in Fiji and inform policies and initiatives to support small business development.
Q: Are there update delays or limitations?
A: The data may be subject to occasional update delays due to the collection process from commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Fiji (FJIFCSODCSXDC), retrieved from FRED.