Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Guinea
GINFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.77
Year-over-Year Change
224.97%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the outstanding loans from commercial banks in Guinea as a percentage of the country's GDP. It provides insights into the level of financial intermediation and access to credit in the Guinean economy.
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 outstanding loans from commercial banks to Guinea's GDP ratio is a key indicator of financial development and the role of the banking sector in the broader economy. It measures the depth of financial intermediation and the ability of the banking system to channel funds to productive activities.
Methodology
The data is collected and reported by the Central Bank of Guinea.
Historical Context
This indicator is closely monitored by policymakers, investors, and international financial institutions to assess the health and growth potential of Guinea's financial sector.
Key Facts
- Guinea's outstanding commercial bank loans were 13.4% of GDP in 2020.
- The ratio has increased from 10.2% in 2010, indicating gradual financial deepening.
- Access to credit remains a key constraint for many Guinean businesses and households.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the outstanding loans from commercial banks in Guinea as a percentage of the country's GDP. It provides insights into the level of financial intermediation and access to credit in the Guinean economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key measure of financial development and the role of the banking sector in supporting economic growth and productive activities in Guinea. It is closely monitored by policymakers, investors, and international institutions to assess the health and growth potential of the country's financial sector.
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 institutions use this indicator to evaluate the depth of financial intermediation and access to credit in Guinea, which informs policies and reforms aimed at promoting financial inclusion and private sector development.
Q: Are there update delays or limitations?
A: The data is published with some delay, and may not capture the most recent developments in Guinea's financial sector.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Guinea (GINFCSODCGGDPPT), retrieved from FRED.