Small Firms with a Bank Loan or Line of Credit to Total Small Firms for the Plurinational State of Bolivia
DDAI04BOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.50
Year-over-Year Change
6.96%
Date Range
1/1/2006 - 1/1/2017
Summary
This economic trend measures the percentage of small firms in Bolivia that have access to bank loans or lines of credit. It provides insight into the financing landscape for small businesses, which is a key indicator of economic development and growth.
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 'Small Firms with a Bank Loan or Line of Credit to Total Small Firms' metric tracks the proportion of small enterprises in Bolivia that utilize formal banking services. This data point is widely used by economists and policymakers to assess the financial inclusion and access to credit for the small business sector.
Methodology
The data is collected through nationally representative surveys of small and medium enterprises conducted by the World Bank.
Historical Context
This indicator is relevant for evaluating the health of Bolivia's private sector and informing policies to promote small business development and financial access.
Key Facts
- Bolivia's small firm bank loan access rate was 31.9% in 2017.
- Access to credit for small businesses in Bolivia lags behind regional averages.
- Improving small firm financing is a key policy objective for boosting private sector growth.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of small firms in Bolivia that have access to bank loans or lines of credit, providing insight into the financing landscape for the small business sector.
Q: Why is this trend relevant for users or analysts?
A: The level of small firm access to formal banking services is a key metric for evaluating economic development and informing policies to promote small business growth and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected through nationally representative surveys of small and medium enterprises conducted by the World Bank.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and institutions seeking to assess the health of Bolivia's private sector and design interventions to improve small business access to credit and financing.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not fully capture recent changes in the small business financing landscape in Bolivia.
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Citation
U.S. Federal Reserve, Small Firms with a Bank Loan or Line of Credit to Total Small Firms for the Plurinational State of Bolivia (DDAI04BOA156NWDB), retrieved from FRED.