Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Liberia
LBRFCSODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94,648.11
Year-over-Year Change
0.00%
Date Range
1/1/2013 - 1/1/2013
Summary
This economic trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in Liberia. It provides insight into the availability of credit for the country's small businesses, which are crucial for economic growth and development.
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 loans to SMEs at commercial banks is an important indicator of the financial health and access to credit for small and medium-sized enterprises in Liberia. It reflects the willingness of banks to lend to this critical sector and can inform policymakers on the need for interventions to support SME financing.
Methodology
The data is collected directly from commercial banks operating in Liberia by the country's central bank.
Historical Context
This trend is used by economists, policymakers, and financial institutions to assess the state of SME financing and the overall business environment in Liberia.
Key Facts
- Liberia has over 40,000 registered SMEs.
- SMEs account for 70% of Liberia's GDP.
- Access to credit is a major constraint for Liberian SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in Liberia. It provides insight into the availability of credit for the country's small businesses.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the financial health and access to credit for SMEs in Liberia, which are crucial for the country's economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in Liberia by the country's central bank.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and financial institutions to assess the state of SME financing and the overall business environment in Liberia, informing policies to support small and medium enterprises.
Q: Are there update delays or limitations?
A: The data is published regularly by the Liberian central bank, but there may be some delays in reporting from commercial banks.
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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 Liberia (LBRFCSODCSXDC), retrieved from FRED.