Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Commercial Banks for Liberia
LBRFCRODCSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
910.00
Year-over-Year Change
0.00%
Date Range
1/1/2013 - 1/1/2013
Summary
This economic trend measures the borrowing activity of small and medium enterprises (SMEs) from commercial banks in Liberia. It provides insights into the financial services usage and access for this crucial business segment.
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 Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Commercial Banks for Liberia series tracks the number of SME borrowers from commercial banks in the country. This metric is an important indicator of SME financing and can inform policies aimed at improving financial inclusion and private sector development.
Methodology
The data is collected through surveys of commercial banks operating in Liberia.
Historical Context
Policymakers and economists use this trend to assess the financing environment for small businesses, which are vital for economic growth and job creation.
Key Facts
- SMEs account for over 90% of businesses in Liberia.
- Access to finance is a major constraint for SME growth in the country.
- Liberia's government has initiatives to boost SME lending and financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) borrowing from commercial banks in Liberia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into SME access to finance, which is crucial for private sector development and economic growth in Liberia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of commercial banks operating in Liberia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the financing environment for small businesses and inform policies aimed at improving financial inclusion.
Q: Are there update delays or limitations?
A: The data may be subject to collection lags or limitations in survey coverage of the Liberian banking sector.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Commercial Banks for Liberia (LBRFCRODCSPENUM), retrieved from FRED.