Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Kiribati
KIRFCDODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.54
Year-over-Year Change
-65.53%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic indicator tracks the use of financial services by small and medium enterprises (SMEs) in Kiribati, as measured by the percentage of non-financial corporation depositors with commercial banks who are SME depositors.
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 SME depositor indicator provides insight into the level of financial inclusion and access to banking services for smaller businesses in Kiribati's economy. It is a key metric used by policymakers and analysts to assess the financial health and development of the private sector.
Methodology
The data is collected directly from Kiribati's commercial banks and reported to the national statistical agency.
Historical Context
This indicator is relevant for understanding financial market trends and informing policies aimed at promoting SME growth and private sector development.
Key Facts
- Kiribati is a small island nation in the central Pacific Ocean.
- SMEs account for over 90% of businesses in Kiribati's private sector.
- Access to banking services is a key challenge for many SMEs in Kiribati.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of non-financial corporation depositors with commercial banks in Kiribati who are small and medium enterprises (SMEs).
Q: Why is this trend relevant for users or analysts?
A: The SME depositor indicator provides insight into the level of financial inclusion and access to banking services for smaller businesses, which is crucial for private sector development and economic growth in Kiribati.
Q: How is this data collected or calculated?
A: The data is collected directly from Kiribati's commercial banks and reported to the national statistical agency.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding financial market trends and informing policies aimed at promoting SME growth and private sector development in Kiribati.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in coverage, as the indicator is dependent on information provided by Kiribati's commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Kiribati (KIRFCDODCSPNUM), retrieved from FRED.