Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Guinea
GINFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.15
Year-over-Year Change
156.54%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the number of borrowers from commercial banks per 1,000 adults in Guinea, providing insights into financial service usage and access 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: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Guinea' series measures the level of financial inclusion by capturing the outreach of commercial banking services to the adult population in Guinea.
Methodology
The data is collected through surveys and administrative records by the World Bank.
Historical Context
This indicator is used by policymakers and economists to evaluate financial sector development and access to credit in Guinea.
Key Facts
- The latest data point shows there are 28.2 borrowers from commercial banks per 1,000 adults in Guinea.
- Financial inclusion has been a key priority for the Guinean government in recent years.
- Access to credit from commercial banks is an important driver of private sector growth in developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from commercial banks per 1,000 adults in Guinea, providing insights into the level of financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is highly relevant for policymakers, economists, and development experts seeking to understand financial sector development and access to financial services in Guinea.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the World Bank.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and economists to evaluate financial inclusion efforts and guide policies aimed at improving access to credit and banking services in Guinea.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Guinea (GINFCRODCANUM), retrieved from FRED.