Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Chad
DDAI04TDA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.20
Year-over-Year Change
-63.78%
Date Range
1/1/2009 - 1/1/2018
Summary
This economic trend measures the percentage of small firms in Chad that have a bank loan or line of credit. It provides insight into the financing and credit access of small businesses, which are crucial for economic growth and development.
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 Chad' metric tracks the ratio of small enterprises in Chad that utilize formal banking services. This indicator is used by economists and policymakers to evaluate the financial inclusion and credit market conditions for the small business sector.
Methodology
The data is collected through business surveys conducted by the World Bank.
Historical Context
This trend is relevant for understanding the financing environment and constraints facing small firms, which can inform policies to promote entrepreneurship and private sector development.
Key Facts
- The trend has ranged from 9.9% to 14.4% over the past decade.
- Small firms account for a large share of employment in Chad's economy.
- Access to credit is a key constraint for small business growth in developing countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of small firms in Chad that have a bank loan or line of credit, providing insight into the financing access of small businesses.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding the financial inclusion and credit market conditions facing small enterprises, which are crucial for economic growth and development in Chad.
Q: How is this data collected or calculated?
A: The data is collected through business surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: This trend can inform policies to promote entrepreneurship and private sector development by identifying financing constraints for small firms in Chad.
Q: Are there update delays or limitations?
A: The data may have lags or gaps due to the survey-based methodology and the economic conditions in Chad.
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Citation
U.S. Federal Reserve, Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Chad (DDAI04TDA156NWDB), retrieved from FRED.