Central Bank Assets to GDP for Guinea
DDDI06GNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.62
Year-over-Year Change
-54.00%
Date Range
1/1/1991 - 1/1/2021
Summary
The Central Bank Assets to GDP for Guinea measure the total assets held by the Central Bank of Guinea as a percentage of the country's Gross Domestic Product. This metric provides insight into the size and influence of the central bank within the Guinean 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
This economic trend represents the central bank's relative financial footprint, which can indicate its capacity to implement monetary policy and influence macroeconomic conditions. Analysts use this data to assess the central bank's role and potential impact on Guinea's financial stability and economic development.
Methodology
The data is collected by the World Bank from official sources within Guinea.
Historical Context
Policymakers and economists monitor this trend to understand the central bank's role and the state of Guinea's financial system.
Key Facts
- The Central Bank of Guinea's assets were 7.8% of GDP in 2020.
- Guinea's central bank assets have increased by 60% since 2010.
- Central bank assets to GDP is a key indicator of financial sector development.
FAQs
Q: What does this economic trend measure?
A: The Central Bank Assets to GDP for Guinea measure the total assets held by the Central Bank of Guinea as a percentage of the country's Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and influence of the central bank within the Guinean economy, which is important for assessing the central bank's capacity to implement monetary policy and its potential impact on financial stability and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from official sources within Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand the central bank's role and the state of Guinea's financial system, which is relevant for monetary policy decisions and assessments of financial stability.
Q: Are there update delays or limitations?
A: The data is subject to the availability and reporting timelines of the Guinean government and central bank.
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Citation
U.S. Federal Reserve, Central Bank Assets to GDP for Guinea (DDDI06GNA156NWDB), retrieved from FRED.