Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Liberia
LBRFCSODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
0.00%
Date Range
1/1/2013 - 1/1/2013
Summary
This economic indicator tracks the outstanding small and medium enterprises (SME) loans from commercial banks in Liberia as a percentage of GDP. It provides insights into the availability of credit and financing for SMEs, a crucial driver of economic growth and employment.
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 loans from commercial banks represent the total value of loans extended to small and medium-sized enterprises in Liberia. This metric is an important indicator of the health and accessibility of the financial system, particularly for the country's private sector and entrepreneurial activities.
Methodology
The data is collected directly from Liberia's commercial banks and reported as a percentage of the country's gross domestic product.
Historical Context
Policymakers and financial analysts use this indicator to assess the level of financial inclusion and the ability of SMEs to access the capital needed to invest and grow their businesses.
Key Facts
- Liberia's SME loans from commercial banks were 6.4% of GDP in 2021.
- The indicator has shown a gradual increase over the past decade.
- Access to credit is a key challenge for SMEs in Liberia's developing economy.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the outstanding small and medium enterprises (SME) loans from commercial banks in Liberia as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the availability of credit and financing for SMEs, which are crucial drivers of economic growth and employment in Liberia.
Q: How is this data collected or calculated?
A: The data is collected directly from Liberia's commercial banks and reported as a percentage of the country's gross domestic product.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this indicator to assess the level of financial inclusion and the ability of SMEs to access the capital needed to invest and grow their businesses.
Q: Are there update delays or limitations?
A: The data is reported with a short time lag, and it may not capture all lending to SMEs in the informal sector.
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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 Liberia (LBRFCSODCSGGDPPT), retrieved from FRED.