Use of Financial Services Deposit Accounts: Household Accounts at Credit Unions and Financial Cooperatives for Guinea
GINFCAODUHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
353,346.00
Year-over-Year Change
477.24%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of household accounts at credit unions and financial cooperatives in Guinea. It provides insights into the usage of financial services deposit accounts by households in the country.
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 'Use of Financial Services Deposit Accounts: Household Accounts at Credit Unions and Financial Cooperatives for Guinea' tracks the total number of household deposit accounts held at credit unions and financial cooperatives. This metric is used to analyze financial inclusion and access to basic banking services in the Guinean market.
Methodology
The data is collected through surveys and reports from financial institutions in Guinea.
Historical Context
Policymakers and financial sector analysts use this trend to assess the development of the financial system and progress towards greater financial inclusion.
Key Facts
- Guinea has a population of over 13 million people.
- The number of household accounts at credit unions and cooperatives in Guinea has grown in recent years.
- Financial inclusion is a key development priority for the Guinean government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of household deposit accounts held at credit unions and financial cooperatives in Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access to basic banking services for households in Guinea.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial institutions in Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and financial sector analysts use this trend to assess the development of the Guinean financial system and progress towards greater financial inclusion.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and limitations in coverage of all financial institutions in Guinea.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Household Accounts at Credit Unions and Financial Cooperatives for Guinea (GINFCAODUHNUM), retrieved from FRED.