Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Commercial Banks for Namibia
NAMFCRODCSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,986.00
Year-over-Year Change
929.48%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the total amount of borrowing by small and medium enterprises (SMEs) from commercial banks in Namibia. It provides insights into the financing needs and access to credit for this important business segment.
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 Borrowers: Small and Medium Enterprises Borrowing from Commercial Banks for Namibia indicator tracks the outstanding credit extended by commercial banks to small and medium-sized enterprises in the country. This metric is closely monitored by policymakers and economists to assess the health of SME financing and the broader business environment.
Methodology
The data is collected directly from Namibia's commercial banking institutions.
Historical Context
This trend is used to inform economic and financial policy decisions that aim to support SME development and access to capital.
Key Facts
- Namibia's SMEs account for over 80% of the country's businesses.
- SME borrowing from commercial banks makes up around 20% of total bank lending.
- Access to credit is cited as a top challenge for Namibian small businesses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding credit or borrowing by small and medium enterprises (SMEs) from commercial banks in Namibia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financing needs and access to credit for Namibia's critical SME business segment, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected directly from Namibia's commercial banking institutions.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic and financial policy decisions that aim to support SME development and access to capital in Namibia.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags from Namibia's commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Commercial Banks for Namibia (NAMFCRODCSPENUM), retrieved from FRED.