Firms with a Bank Loan or Line of Credit to Total Firms for Senegal
DDAI03SNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.60
Year-over-Year Change
47.71%
Date Range
1/1/2007 - 1/1/2014
Summary
This economic trend measures the percentage of firms in Senegal that have a bank loan or line of credit. It provides insight into small business access to formal financial services.
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 'Firms with a Bank Loan or Line of Credit to Total Firms' indicator tracks the proportion of enterprises in Senegal that utilize bank financing. This data point is a key metric for evaluating financial inclusion and the health of the small business sector.
Methodology
The data is collected through enterprise surveys conducted by the World Bank.
Historical Context
This indicator is used by policymakers and analysts to assess financial sector development and design programs to expand SME access to credit.
Key Facts
- Senegal's firm bank loan rate was 20.4% in 2020.
- Access to finance is a major constraint for Senegalese SMEs.
- Expanding credit to small businesses is a key economic development priority.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of enterprises in Senegal that have a bank loan or line of credit, providing insight into small business access to formal financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and the health of the small business sector in Senegal, which is a key driver of economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected through enterprise surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess financial sector development and design programs to expand SME access to credit in Senegal.
Q: Are there update delays or limitations?
A: The data is published with a lag and may not capture the most recent changes in Senegalese firm financing.
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Citation
U.S. Federal Reserve, Firms with a Bank Loan or Line of Credit to Total Firms for Senegal (DDAI03SNA156NWDB), retrieved from FRED.