Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Other Financial Intermediaries for Fiji
FJIFCSMSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,361,900.00
Year-over-Year Change
-40.69%
Date Range
1/1/2008 - 1/1/2013
Summary
This economic trend measures outstanding loans to small and medium enterprises (SMEs) at other financial intermediaries in Fiji. It provides insights into the availability of credit for the backbone of Fiji's economy.
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 outstanding loans to SMEs at other financial intermediaries in Fiji, such as credit unions and microfinance institutions, is an important indicator of financial inclusion and SME access to capital. It reflects the ability of small businesses to obtain the financing needed to invest, grow, and contribute to economic development.
Methodology
The data is collected through surveys of financial institutions in Fiji.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the effectiveness of financial inclusion initiatives and the health of Fiji's small business sector.
Key Facts
- Fiji has over 40,000 registered SMEs, accounting for 97% of businesses.
- SMEs contribute approximately 35% to Fiji's GDP.
- Access to finance is a major constraint for SME growth in Fiji.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans to small and medium enterprises (SMEs) at other financial intermediaries in Fiji, such as credit unions and microfinance institutions.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the availability of credit for the backbone of Fiji's economy, small businesses, which are critical for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions in Fiji.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and analysts to assess the effectiveness of financial inclusion initiatives and the health of Fiji's small business sector.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays by financial institutions, and the coverage of small lenders may not be comprehensive.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Other Financial Intermediaries for Fiji (FJIFCSMSXDC), retrieved from FRED.