Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Guinea
DDDI04GNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.62
Year-over-Year Change
274.86%
Date Range
1/1/1991 - 1/1/2021
Summary
This economic trend measures the ratio of deposit money bank assets to the total assets of deposit money banks and the central bank in Guinea. It provides insight into the role and size of the banking sector relative to the broader financial system.
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 deposit money bank assets to deposit money bank assets and central bank assets ratio is an indicator of the development and intermediation role of the commercial banking sector in an economy. It can signal the relative importance of banks versus the central bank in the financial system.
Methodology
This data is collected and calculated by the World Bank using information from central banks and national accounts.
Historical Context
Policymakers and analysts use this metric to assess the structure and evolution of a country's financial sector.
Key Facts
- Ratio increased from 0.89 in 2001 to 0.93 in 2020, indicating growth of the commercial banking sector.
- Guinea's ratio is higher than the Sub-Saharan Africa regional average of 0.87 as of 2020.
- A higher ratio signals a more market-based financial system versus one dominated by the central bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of deposit money bank assets to the total assets of deposit money banks and the central bank in Guinea. It provides insight into the relative size and role of the commercial banking sector in the broader financial system.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for assessing the development and intermediation role of the banking sector in the Guinean economy. It can signal the relative importance of commercial banks versus the central bank in financial intermediation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from central banks and national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the structure and evolution of Guinea's financial sector, which can inform policies aimed at promoting financial development and stability.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and availability from the underlying sources used by the World Bank to calculate this metric.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Guinea (DDDI04GNA156NWDB), retrieved from FRED.