Credit to Government and State-Owned Enterprises to GDP for Guinea
DDEI08GNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.60
Year-over-Year Change
156.06%
Date Range
1/1/1989 - 1/1/2020
Summary
This trend measures the ratio of credit extended to the government and state-owned enterprises as a percentage of Guinea's gross domestic product (GDP). It provides insight into the level of government borrowing and public sector financing.
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 Credit to Government and State-Owned Enterprises to GDP ratio is an important indicator of a country's fiscal and financial health. It shows the degree to which the public sector relies on domestic credit, which can have implications for government debt levels, macroeconomic stability, and private sector access to credit.
Methodology
The data is collected and calculated by the World Bank using information on domestic credit provided by the financial sector.
Historical Context
Policymakers and analysts use this metric to assess Guinea's fiscal policies and the government's role in the economy.
Key Facts
- Guinea's Credit to Government and State-Owned Enterprises to GDP ratio was 7.7% in 2020.
- This ratio has remained relatively stable over the past decade, ranging from 6-8% of GDP.
- High levels of government borrowing can crowd out private investment and hinder economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of credit extended to the government and state-owned enterprises as a percentage of Guinea's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the government's reliance on domestic credit, which can have implications for debt levels, macroeconomic stability, and private sector access to credit.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information on domestic credit provided by the financial sector.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Guinea's fiscal policies and the government's role in the economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of several months.
Related Trends
Total Expenditure of General Government for Guinea
GINGGXG01GDPPT
Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Guinea
GINFCRODCHPENUM
Population, Total for Guinea
POPTOTGN52647NWDB
Number of Identified Exporters to Guinea from Nebraska
NEGINA475SCEN
Number of Identified Exporters to Guinea from Massachusetts
MAGINA475SCEN
Constant GDP per capita for Guinea
NYGDPPCAPKDGIN
Citation
U.S. Federal Reserve, Credit to Government and State-Owned Enterprises to GDP for Guinea (DDEI08GNA156NWDB), retrieved from FRED.