Firms with a Bank Loan or Line of Credit to Total Firms for Guinea
DDAI03GNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.90
Year-over-Year Change
-35.00%
Date Range
1/1/2006 - 1/1/2016
Summary
This trend measures the percentage of firms in Guinea that have a bank loan or line of credit. It provides insight into the level of access to finance for businesses in the country.
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 'Firms with a Bank Loan or Line of Credit to Total Firms' indicator represents the share of businesses in Guinea that utilize formal banking services. This metric is useful for analyzing the financial inclusion and access to credit for the private sector.
Methodology
The data is collected through enterprise surveys conducted by the World Bank.
Historical Context
This indicator is relevant for policymakers and economists assessing the development of Guinea's financial system and private sector.
Key Facts
- The latest value for this indicator in Guinea is 15.4% (2020).
- Access to formal credit remains limited for businesses in Guinea.
- Improving access to finance is a key priority for economic development in the country.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of firms in Guinea that have a bank loan or line of credit, providing insight into the level of financial inclusion and access to formal banking services for the private sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and policymakers assessing the development of Guinea's financial system and the ability of businesses to access credit, which is a key factor for private sector growth and investment.
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: This indicator is relevant for policymakers in Guinea who are seeking to improve financial inclusion and access to credit for the private sector, which is a crucial component of economic development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in coverage or representativeness of the enterprise survey sample.
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Citation
U.S. Federal Reserve, Firms with a Bank Loan or Line of Credit to Total Firms for Guinea (DDAI03GNA156NWDB), retrieved from FRED.