Firms with a Bank Loan or Line of Credit to Total Firms for Guinea-Bissau
DDAI03GWA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
0.00%
Date Range
1/1/2006 - 1/1/2006
Summary
This trend measures the percentage of firms in Guinea-Bissau that have a bank loan or line of credit. It provides insight into the access to formal financing for businesses 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 'Firms with a Bank Loan or Line of Credit to Total Firms' indicator represents the share of companies in Guinea-Bissau that utilize formal banking services. This data point is used by economists and policymakers to assess the level of financial inclusion and the health of the private sector.
Methodology
This data is collected through enterprise surveys conducted by the World Bank.
Historical Context
Trends in business financing access can inform policies aimed at promoting private sector development and economic growth.
Key Facts
- Guinea-Bissau's percentage of firms with a bank loan or line of credit was 6.5% in 2016.
- This indicator has remained below 10% for Guinea-Bissau over the past decade.
- Access to formal financing is a key constraint for businesses in Guinea-Bissau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of firms in Guinea-Bissau that have a bank loan or line of credit, providing insight into the level of financial inclusion for businesses in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for understanding the health and development of the private sector in Guinea-Bissau, as well as informing policies aimed at promoting access to formal financing for businesses.
Q: How is this data collected or calculated?
A: The data is collected through enterprise surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: Trends in business financing access can inform policies aimed at promoting private sector development and economic growth in Guinea-Bissau.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not be available for the most recent years.
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Citation
U.S. Federal Reserve, Firms with a Bank Loan or Line of Credit to Total Firms for Guinea-Bissau (DDAI03GWA156NWDB), retrieved from FRED.