Use of Financial Services: Number of Depositors at Other Deposit Takers for Guinea
GINFCDODDPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67,436.00
Year-over-Year Change
140.41%
Date Range
1/1/2008 - 1/1/2014
Summary
This economic trend measures the number of depositors at other deposit-taking institutions in Guinea. It provides insights into the use of financial services and access to formal banking 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: Number of Depositors at Other Deposit Takers for Guinea' trend tracks the total number of customers who have deposited funds with non-bank financial institutions in Guinea. This metric is used by economists and policymakers to evaluate financial inclusion and the development of the country's banking and deposit-taking sector.
Methodology
The data is collected through surveys and reports from financial institutions in Guinea.
Historical Context
This trend informs policy decisions related to financial sector development and access to banking services.
Key Facts
- Guinea has a population of over 13 million people.
- Only 15% of Guineans have a bank account.
- The number of depositors at non-bank institutions has increased in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of customers who have deposited funds with non-bank financial institutions in Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and the development of the banking and deposit-taking sector in Guinea, which is crucial for economic growth and poverty reduction.
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: This trend informs policy decisions related to financial sector development and improving access to banking services for the Guinean population.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and can be limited by the coverage and accuracy of financial institution surveys in Guinea.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Other Deposit Takers for Guinea (GINFCDODDPENUM), retrieved from FRED.