Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Kiribati
KIRFCSODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.55
Year-over-Year Change
-47.90%
Date Range
1/1/2011 - 1/1/2013
Summary
This trend measures the outstanding small and medium enterprise (SME) loans from commercial banks in Kiribati as a percentage of GDP. It provides insight into the availability and usage of financial services for small businesses 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 Outstanding Small and Medium Enterprises Loans from Commercial Banks for Kiribati metric tracks the total value of SME loans relative to the country's overall economic output. This indicator is used by economists and policymakers to assess the level of financial inclusion and access to credit for smaller enterprises.
Methodology
The data is collected and reported by the Central Bank of Kiribati.
Historical Context
This trend is relevant for understanding the development of Kiribati's private sector and the efficacy of policies aimed at supporting small businesses.
Key Facts
- Kiribati is a Pacific island nation with a population of around 119,000.
- SMEs account for a significant portion of employment and economic activity in Kiribati.
- Access to finance is a key challenge for small businesses in many developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding small and medium enterprise (SME) loans from commercial banks in Kiribati as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the level of financial inclusion and access to credit for smaller enterprises in Kiribati, which is crucial for private sector development and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Kiribati.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the development of Kiribati's private sector and the effectiveness of policies aimed at supporting small businesses and improving financial inclusion.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting or limitations in coverage, as is common with economic indicators for smaller developing economies.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Kiribati (KIRFCSODCSGGDPPT), retrieved from FRED.