Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Kiribati
KIRFCDODCSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
329.00
Year-over-Year Change
-60.83%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that have deposit accounts at commercial banks in Kiribati. It provides insights into financial inclusion and access to banking services for the country's SME sector.
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 number of SME depositors at commercial banks is a key indicator of financial development and access to formal financial services. It reflects the extent to which small businesses are integrated into the regulated banking system in Kiribati.
Methodology
The data is collected by the Central Bank of Kiribati through surveys of commercial banks operating in the country.
Historical Context
Policymakers use this metric to evaluate financial inclusion initiatives and support for SMEs in Kiribati's economy.
Key Facts
- Kiribati has a population of around 119,000 people.
- SMEs account for over 90% of businesses in Kiribati.
- Only about 30% of Kiribati's adult population has a bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that have deposit accounts at commercial banks in Kiribati.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and access to banking services for SMEs, which are critical 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: Policymakers use this metric to evaluate financial inclusion initiatives and support for SMEs in Kiribati's economy.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting by commercial banks to the Central Bank of Kiribati.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Kiribati (KIRFCDODCSPENUM), retrieved from FRED.