Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Borrowers from Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Guinea
GINFCRODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.95
Year-over-Year Change
727.65%
Date Range
1/1/2004 - 1/1/2014
Summary
This indicator measures the percentage of non-financial corporation depositors with commercial banks in Guinea who are small and medium enterprise (SME) borrowers. It provides insight into SME access to credit and the overall use of financial services by this critical business segment.
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 by SMEs is an important barometer of economic development and financial inclusion. This indicator tracks the share of SME borrowers among the commercial bank depositor base, offering a view into the degree to which small businesses are able to access critical financing.
Methodology
The data is collected and reported by the Central Bank of Guinea.
Historical Context
Policymakers and analysts use this metric to evaluate the financial health and growth potential of Guinea's small business sector.
Key Facts
- SMEs account for over 90% of businesses in Guinea.
- Access to credit is a major constraint for SMEs in developing economies.
- Increasing SME financing is a key policy goal for driving broad-based economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of non-financial corporation depositors with commercial banks in Guinea who are small and medium enterprise (SME) borrowers.
Q: Why is this trend relevant for users or analysts?
A: The use of financial services by SMEs is an important barometer of economic development and financial inclusion, offering insight into the ability of small businesses to access critical financing.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the financial health and growth potential of Guinea's small business sector, a key driver of economic development.
Q: Are there update delays or limitations?
A: The data is subject to the reporting cadence and availability from the Central Bank of Guinea.
Related Trends
Firms with a Bank Loan or Line of Credit to Total Firms for Guinea
DDAI03GNA156NWDB
Real Gross Domestic Product for Guinea
GINNGDPRPCPPPT
Claims on Private Sector for Guinea
GINFDSAOPGDPPT
Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Guinea
GINFCAODCHNUM
Use of Financial Services: Number of Depositors at Other Depository Corporations for Guinea
GINFCDODPENUM
Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Guinea
GINFCLOFINPXDC
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Borrowers from Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Guinea (GINFCRODCSPNUM), retrieved from FRED.