Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Guinea-Bissau
DDDI12GWA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.36
Year-over-Year Change
195.45%
Date Range
1/1/1990 - 1/1/2021
Summary
This economic trend measures the ratio of private credit provided by deposit money banks and other financial institutions to Guinea-Bissau's gross domestic product (GDP). It offers insights into the development and depth of the country's financial sector.
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 is a key indicator of financial intermediation and economic development. It reflects the degree to which the private sector has access to credit from formal financial institutions, a critical factor for investment and growth.
Methodology
The data is collected and reported by the World Bank based on information from national sources and surveys.
Historical Context
Policymakers and analysts use this metric to assess the health and inclusiveness of Guinea-Bissau's financial system.
Key Facts
- Guinea-Bissau's private credit to GDP ratio was 7.4% in 2020.
- The ratio has remained below 10% since the 1980s, indicating a shallow financial sector.
- Access to credit is a key constraint for private sector development in Guinea-Bissau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit provided by deposit money banks and other financial institutions to Guinea-Bissau's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a crucial indicator of financial sector development and access to credit for the private sector, which are essential for economic growth and investment.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information from national sources and surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and inclusiveness of Guinea-Bissau's financial system and identify areas for reform to promote private sector development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be delays in reporting or gaps in coverage for some years.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Guinea-Bissau (DDDI12GWA156NWDB), retrieved from FRED.