Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Liberia
DDAI04LRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.60
Year-over-Year Change
-22.06%
Date Range
1/1/2009 - 1/1/2017
Summary
This trend measures the percentage of small firms in Liberia that have a bank loan or line of credit, providing insights into small business access to finance.
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 Liberia' metric tracks the ratio of Liberian small businesses that have secured formal financing from banks or other financial institutions. This indicator offers valuable data on the financial inclusion and credit access experienced by the small business sector.
Methodology
The data is collected through enterprise surveys conducted by the World Bank.
Historical Context
This metric is closely watched by policymakers, financial regulators, and economic analysts to assess the health and growth potential of Liberia's small business landscape.
Key Facts
- Liberia's small firm bank loan access rate was 18.7% in 2017.
- Small businesses account for over 70% of employment in Liberia.
- Improving small firm financing is a key policy priority in Liberia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of small firms in Liberia that have a bank loan or line of credit, providing insights into small business access to formal financing.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, financial regulators, and economic analysts to assess the health and growth potential of Liberia's small business landscape.
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: Improving small firm financing access is a key policy priority in Liberia, and this metric is used to inform and evaluate related initiatives.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not fully capture recent changes in Liberia's small business financing landscape.
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Citation
U.S. Federal Reserve, Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Liberia (DDAI04LRA156NWDB), retrieved from FRED.