Nominal Gross National Saving for Guinea
GINNGSGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.66
Year-over-Year Change
-220.69%
Date Range
1/1/2000 - 1/1/2026
Summary
The Nominal Gross National Saving for Guinea measures the total savings of the country as a percentage of its gross domestic product. This metric is a key indicator of a nation's financial health and ability to invest in its future economic growth.
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
Gross national saving represents the portion of national income that is not consumed by households, businesses, or the government. It is an important measure of a country's financial resources available for investment in productive assets, which supports long-term economic development.
Methodology
The data is calculated by the World Bank using national accounts information.
Historical Context
Policymakers and analysts use this metric to assess Guinea's domestic savings and capacity for capital formation.
Key Facts
- Guinea's gross national saving averaged 12.4% of GDP from 2010-2021.
- Domestic savings are a crucial source of investment funding for developing economies.
- Gross national saving is a component of the national accounts identity: Y = C + I + G + (X - M).
FAQs
Q: What does this economic trend measure?
A: The Nominal Gross National Saving for Guinea measures the total savings of the country as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: Gross national saving is an important indicator of a country's financial resources available for investment, which supports long-term economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Guinea's domestic savings and capacity for capital formation.
Q: Are there update delays or limitations?
A: The data is published annually with potential lags in reporting by the national statistical agencies.
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Citation
U.S. Federal Reserve, Nominal Gross National Saving for Guinea (GINNGSGDPPT), retrieved from FRED.