Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Commercial Banks for Kiribati
KIRFCAODCSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
382.00
Year-over-Year Change
-59.70%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend measures the number of small and medium enterprise (SME) deposit accounts at commercial banks in Kiribati. It provides insights into the financial inclusion and banking activities of SMEs, which are crucial for 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 Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Commercial Banks for Kiribati series tracks the total number of deposit accounts held by SMEs at commercial banks in the country. This metric helps economists and policymakers assess the level of financial access and engagement among smaller businesses.
Methodology
The data is collected by the Central Bank of Kiribati through surveys of commercial banks operating in the country.
Historical Context
This trend is used to monitor financial inclusion and the health of the SME sector, which are important factors in Kiribati's economic policy.
Key Facts
- Kiribati has a population of around 119,000 people.
- SMEs account for over 90% of businesses in Kiribati.
- Access to formal banking services is still limited in parts of Kiribati.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by small and medium enterprises (SMEs) at commercial banks in Kiribati.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and engagement of the SME sector, which is crucial for economic development in Kiribati.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Kiribati through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor financial inclusion and the health of the SME sector, which are important factors in Kiribati's economic policy.
Q: Are there update delays or limitations?
A: The data may be subject to update delays due to the survey-based collection process and limited banking infrastructure in some parts of Kiribati.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Commercial Banks for Kiribati (KIRFCAODCSNUM), retrieved from FRED.