Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Guinea
GINFCDODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.85
Year-over-Year Change
257.76%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of household depositors with commercial banks per 1,000 adults in Guinea. It provides insights into financial inclusion and banking access within the population.
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 household depositors with commercial banks per 1,000 adults metric tracks the level of participation in the formal banking system. It is an important indicator of financial development and the ability of the population to access basic financial services.
Methodology
This data is collected through surveys and reported by the World Bank.
Historical Context
Policymakers and analysts use this metric to evaluate financial sector development and design policies to promote greater financial inclusion.
Key Facts
- Guinea had 233 household depositors with commercial banks per 1,000 adults in 2017.
- Financial inclusion has been a key policy priority in Guinea to expand access to banking services.
- Increasing financial inclusion is linked to economic growth and poverty reduction in developing countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household depositors with commercial banks per 1,000 adults in Guinea. It provides insights into financial inclusion and access to basic banking services within the population.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial sector development and the ability of the population to access formal banking services. It is relevant for policymakers, economists, and analysts studying financial inclusion and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate financial sector development and design policies to promote greater financial inclusion, which is linked to economic growth and poverty reduction.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be update delays. The metric also may not capture all informal financial services used by the population.
Related Trends
Number of Identified Exporters to Guinea from Kansas
KSGINA475SCEN
Use of Financial Services: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Guinea
GINFCNODMFANUM
Number of Identified Exporters to Guinea from Maryland
MDGINA475SCEN
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Guinea
GINFCLODCXDC
Value of Exports to Guinea from Colorado
COGINA052SCEN
Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Non-deposit Taking Microfinance Institutions (MFIs for Guinea
GINFCRMFSPENUM
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Guinea (GINFCDODCHANUM), retrieved from FRED.