Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Guinea
DDDI12GNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.99
Year-over-Year Change
242.11%
Date Range
1/1/1989 - 1/1/2021
Summary
This economic trend measures the value of private credit provided by deposit money banks and other financial institutions as a percentage of Guinea's Gross Domestic Product (GDP). It serves as an indicator of financial intermediation and development 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 Private Credit to GDP ratio provides insights into the role of the financial sector in channeling funds to the private sector. Higher values generally indicate greater financial depth and access to credit, which can support economic growth and private investment.
Methodology
The data is calculated by the World Bank using information from national accounts and financial sector sources.
Historical Context
This metric is widely used by policymakers, economists, and analysts to assess a country's financial development and the private sector's access to credit.
Key Facts
- Private credit to GDP in Guinea was 13.7% in 2020.
- Guinea's private credit to GDP ratio has fluctuated between 10-15% over the past decade.
- Increasing private credit access is a key policy goal for economic development in Guinea.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of private credit provided by deposit money banks and other financial institutions as a percentage of Guinea's Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The Private Credit to GDP ratio provides insights into the role of the financial sector in channeling funds to the private sector, which is important for supporting economic growth and private investment.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using information from national accounts and financial sector sources.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, economists, and analysts to assess a country's financial development and the private sector's access to credit, which are key factors for economic growth and development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a slight delay, and may be subject to revisions based on updated information from national sources.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Guinea (DDDI12GNA156NWDB), retrieved from FRED.