Private Credit by Deposit Money Banks to GDP for Guinea
DDDI01GNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.99
Year-over-Year Change
242.11%
Date Range
1/1/1989 - 1/1/2021
Summary
This economic trend measures the ratio of private credit extended by deposit money banks to Guinea's gross domestic product (GDP). It provides insights into the financial intermediation and depth within Guinea'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 private credit to GDP ratio is a key indicator of financial development. It gauges the role of the banking sector in channeling funds from savers to private borrowers, which is crucial for economic growth and investment.
Methodology
The data is collected and calculated by the World Bank based on national accounts and financial sector statistics.
Historical Context
This trend is monitored by policymakers, financial analysts, and international institutions to assess the financial health and intermediation capacity of Guinea's economy.
Key Facts
- Guinea's private credit to GDP ratio was 13.4% in 2020.
- The ratio has increased from 8.9% in 2000, indicating financial deepening.
- Higher private credit access is linked to faster economic growth in developing countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit extended by deposit money banks to Guinea's gross domestic product (GDP). It reflects the level of financial intermediation in the economy.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial development and the banking sector's role in channeling funds to private borrowers, which is crucial for economic growth and investment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and financial sector statistics.
Q: How is this trend used in economic policy?
A: This trend is monitored by policymakers, financial analysts, and international institutions to assess the financial health and intermediation capacity of Guinea's economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with some potential delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Guinea (DDDI01GNA156NWDB), retrieved from FRED.