Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Kiribati
KIRFCLODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.31
Year-over-Year Change
2.95%
Date Range
1/1/2011 - 1/1/2013
Summary
This trend measures outstanding small and medium enterprise (SME) deposits with commercial banks in Kiribati, providing insight into the use of financial services by this important business segment.
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 SME deposits metric tracks the total value of deposits held by small and medium-sized enterprises with commercial banks in Kiribati. This data point offers economists and policymakers visibility into the financing and liquidity conditions for SMEs, a critical driver of economic growth and development.
Methodology
The data is collected directly from commercial banks operating in Kiribati.
Historical Context
This indicator is used to assess the depth and accessibility of the financial system for small businesses.
Key Facts
- Kiribati is a Pacific island nation with a population of just over 100,000.
- SMEs account for over 90% of businesses in Kiribati.
- Commercial bank deposits represent a key source of financing for Kiribati's SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by small and medium-sized enterprises (SMEs) with commercial banks in Kiribati.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the financing conditions and liquidity available to SMEs, a crucial segment for Kiribati's economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in Kiribati.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the depth and accessibility of Kiribati's financial system for small businesses.
Q: Are there update delays or limitations?
A: The data may be subject to periodic reporting delays by commercial banks in Kiribati.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Kiribati (KIRFCLODCSGGDPPT), retrieved from FRED.