Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Credit Unions and Financial Cooperatives for Kiribati
KIRFCSODUSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65,249,277.46
Year-over-Year Change
-19.38%
Date Range
1/1/2010 - 1/1/2011
Summary
This economic trend measures the outstanding loans to small and medium enterprises (SMEs) at credit unions and financial cooperatives in Kiribati. It provides insights into the availability of financing for the country's small business 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 'Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Credit Unions and Financial Cooperatives for Kiribati' series tracks the total value of loans extended by credit unions and cooperatives to SMEs in Kiribati. This data is useful for analyzing the health and accessibility of small business financing in the country.
Methodology
The data is collected and reported by the Central Bank of Kiribati.
Historical Context
This metric is relevant for policymakers and financial institutions seeking to support SME development and financial inclusion in Kiribati.
Key Facts
- Kiribati has a largely agrarian economy with a growing SME sector.
- Credit unions and cooperatives are major providers of small business financing.
- SME loans account for a significant portion of total credit union assets in Kiribati.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans made by credit unions and financial cooperatives to small and medium enterprises (SMEs) in Kiribati.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the availability and accessibility of financing for the small business sector in Kiribati, which is critical for economic development.
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: Policymakers and financial institutions can use this data to assess the health of small business financing and inform policies and programs to support SME development and financial inclusion in Kiribati.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags by the Central Bank of Kiribati.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Credit Unions and Financial Cooperatives for Kiribati (KIRFCSODUSXDC), retrieved from FRED.