Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Kiribati
KIRFCSODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,870,000.00
Year-over-Year Change
-43.14%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in Kiribati. It provides insight into the level of financial services and credit access for the country's small businesses.
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, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Kiribati metric tracks the total value of loans extended by commercial banks to SMEs in the country. This data point is used by economists and policymakers to assess the financial health and growth of Kiribati's small business sector.
Methodology
The data is collected through surveys of commercial banks operating in Kiribati.
Historical Context
This trend is relevant for understanding access to capital and the financing environment for Kiribati's small and medium enterprises.
Key Facts
- Kiribati has over 6,000 registered SMEs.
- SMEs account for 60% of Kiribati's total employment.
- Commercial bank lending to SMEs has grown by 12% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans extended by commercial banks to small and medium enterprises (SMEs) in Kiribati.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the level of financial services and credit access for Kiribati's small business sector, which is a key driver of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of commercial banks operating in Kiribati.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the financing environment and growth of Kiribati's small and medium enterprises.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Kiribati (KIRFCSODCSXDC), retrieved from FRED.