Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Gambia
DDAI04GMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.70
Year-over-Year Change
19.75%
Date Range
1/1/2006 - 1/1/2018
Summary
This economic trend measures the percentage of small firms in Gambia that have access to bank loans or lines of credit. It provides insight into the financial inclusion and access to capital for small businesses in the country.
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 for Gambia' series represents the ratio of small firms that have secured financing from banks compared to the total number of small firms. This metric is used by economists and policymakers to assess the degree of financial access and credit availability for small enterprises.
Methodology
The data is collected through surveys of small businesses in Gambia by the World Bank.
Historical Context
This trend is relevant for understanding the challenges and constraints faced by small firms in obtaining formal financing, which is a key factor in promoting entrepreneurship and private sector development.
Key Facts
- Gambia's small firms with bank loans/lines of credit are around 25% of total small firms.
- Access to formal financing is a major constraint for small businesses in Gambia.
- Improving financial inclusion for small firms is a key policy priority in Gambia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of small firms in Gambia that have access to bank loans or lines of credit, providing insight into the financial inclusion of small businesses.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the challenges and constraints faced by small firms in obtaining formal financing, which is a key factor in promoting entrepreneurship and private sector development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of small businesses in Gambia by the World Bank.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the degree of financial access and credit availability for small enterprises, which is a key policy priority in Gambia.
Q: Are there update delays or limitations?
A: The data may be subject to survey limitations and potential delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Gambia (DDAI04GMA156NWDB), retrieved from FRED.