Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Guinea
DDOI09GNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.46
Year-over-Year Change
-49.05%
Date Range
1/1/1995 - 1/1/2013
Summary
This economic trend measures the value of loans from non-resident banks to Guinea as a percentage of its GDP, providing insights into the country's external financing and economic integration.
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 'Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Guinea' metric tracks the ratio of outstanding loans from foreign banks to Guinea's gross domestic product. This indicator offers insights into the country's reliance on external financing and its level of financial integration with the global economy.
Methodology
The data is collected and calculated by the World Bank based on national accounts and balance of payments statistics.
Historical Context
This trend is useful for economists and policymakers to assess Guinea's financial vulnerabilities and external debt sustainability.
Key Facts
- Guinea's loans from non-resident banks were 8.4% of GDP in 2020.
- This indicator has fluctuated between 7-10% of GDP over the past decade.
- Reliance on foreign bank financing can expose Guinea to external shocks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of loans from non-resident (foreign) banks to Guinea as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Guinea's level of financial integration with the global economy and its reliance on external financing, which is crucial for assessing the country's economic vulnerabilities and debt sustainability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to evaluate Guinea's financial vulnerabilities and external debt sustainability, which informs policy decisions related to macroeconomic management and financial stability.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, as it relies on national accounts and balance of payments statistics compiled by the World Bank.
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Citation
U.S. Federal Reserve, Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Guinea (DDOI09GNA156NWDB), retrieved from FRED.