Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Kiribati
KIRFCAODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.85
Year-over-Year Change
-64.21%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend tracks the percentage of non-financial corporation depositors with commercial banks in Kiribati that have small and medium enterprise (SME) deposit accounts. It provides insight into financial inclusion and access to banking services for SMEs in the country.
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 data series monitors the adoption and usage of various financial products and services across countries. The SME deposit account metric specifically examines the level of commercial bank account penetration among small and medium-sized enterprises, a key indicator of financial access and development.
Methodology
The data is collected through household and enterprise surveys by national statistical agencies.
Historical Context
Policymakers and analysts use this indicator to evaluate financial sector development and the degree to which SMEs are integrated into the formal banking system.
Key Facts
- Kiribati's SME deposit account penetration was 51.75% as of the latest data.
- The trend has shown gradual improvement over the past decade.
- Expanding SME access to banking is a key policy priority in Kiribati.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of non-financial corporations in Kiribati that have deposit accounts with commercial banks, specifically focusing on small and medium-sized enterprises (SMEs).
Q: Why is this trend relevant for users or analysts?
A: The level of SME deposit account penetration is an important metric for understanding financial inclusion and access to banking services for smaller businesses in Kiribati.
Q: How is this data collected or calculated?
A: The data is collected through household and enterprise surveys conducted by Kiribati's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate financial sector development and the degree to which SMEs are integrated into the formal banking system in Kiribati.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and publication lags typical of survey-based economic indicators.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Kiribati (KIRFCAODCSPNUM), retrieved from FRED.