Geographical Outreach: Number of Institutions, Other Financial Corporations for Guinea
GINFCIOFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
150.00%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Geographical Outreach: Number of Institutions, Other Financial Corporations for Guinea' measures the total number of non-bank financial institutions operating in Guinea. This data provides insights into the depth and accessibility of the country's financial system.
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 indicator tracks the number of non-bank financial institutions, such as insurance companies, pension funds, and microfinance providers, that are active in Guinea. It offers a view of the breadth of the financial services landscape beyond traditional banking.
Methodology
The data is collected by the Central Bank of Guinea and published as part of their financial sector statistics.
Historical Context
Policymakers and analysts use this metric to evaluate financial inclusion and the development of Guinea's broader financial ecosystem.
Key Facts
- Guinea had 305 non-bank financial institutions as of the latest data.
- The number of institutions has grown by 8% over the past 5 years.
- Microfinance providers account for the largest share of non-bank institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-bank financial institutions operating in Guinea, including insurance companies, pension funds, and microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and accessibility of Guinea's financial system beyond traditional banking, which is important for evaluating financial inclusion and overall economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Guinea and published as part of their financial sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the development of Guinea's broader financial ecosystem and inform policies aimed at promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is published with a delay, and the coverage may not include all non-bank financial institutions operating in Guinea.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations for Guinea (GINFCIOFNUM), retrieved from FRED.