Bank Credit to Bank Deposits for Guinea
DDSI04GNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.03
Year-over-Year Change
85.87%
Date Range
1/1/1989 - 1/1/2021
Summary
The Bank Credit to Bank Deposits ratio measures the availability of bank credit relative to bank deposits in Guinea. It serves as an indicator of the financial system's intermediation efficiency and stability.
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 metric represents the ratio of total bank credit to total bank deposits. It provides insight into the banking sector's ability to allocate financial resources and the overall depth of the financial system in Guinea.
Methodology
The data is calculated by the World Bank using national banking sector statistics.
Historical Context
Policymakers and analysts use this indicator to assess the soundness and development of Guinea's financial sector.
Key Facts
- The bank credit to bank deposits ratio in Guinea was 0.57 in 2020.
- Guinea's ratio has remained relatively stable over the past decade.
- A higher ratio indicates a more efficient financial system with greater credit availability.
FAQs
Q: What does this economic trend measure?
A: The bank credit to bank deposits ratio measures the relationship between total bank credit and total bank deposits in Guinea's financial system.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the depth and efficiency of the financial intermediation process in Guinea, which is crucial for economic development and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national banking sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the soundness and development of Guinea's financial sector, which informs policy decisions related to financial stability and access to credit.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and data collection practices of the national authorities in Guinea, which may result in occasional delays or gaps in the available information.
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Citation
U.S. Federal Reserve, Bank Credit to Bank Deposits for Guinea (DDSI04GNA156NWDB), retrieved from FRED.