Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Financial Intermediaries for Guinea
GINFCBMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
266.67%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of branch locations, excluding headquarters, for other financial intermediaries in Guinea. It provides insights into the geographical reach and accessibility of non-bank financial services 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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Financial Intermediaries for Guinea metric tracks the branch network of financial institutions that are not traditional banks, such as microfinance organizations, leasing companies, and other non-depository lenders. This data point is useful for evaluating financial inclusion and the distribution of financial services across Guinea.
Methodology
The data is collected and reported by the Central Bank of Guinea.
Historical Context
This trend is relevant for policymakers and market analysts assessing the development of Guinea's financial sector and access to credit.
Key Facts
- The number of branches for other financial intermediaries in Guinea has grown from 251 in 2010 to 503 in 2020.
- Guinea's microfinance sector has been a key driver of this branch network expansion.
- Improved financial access remains a priority for economic development in Guinea.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, for other financial intermediaries in Guinea, such as microfinance institutions and non-bank lenders.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographical reach and accessibility of non-bank financial services in Guinea, which is important for evaluating financial inclusion and the development 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: This trend is relevant for policymakers and market analysts assessing the distribution of financial services and access to credit across Guinea.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the coverage may not include all non-bank financial institutions in Guinea.
Related Trends
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GINFCBODMFLNUM
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Net Lending (+) / Net Borrowing (-) (balance from Financial Account) as Direct Investment for Guinea
GINBFDBP6GDPPT
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Guinea
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Gross Domestic Product for Guinea
MKTGDPGNA646NWDB
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Deposit Taking Microfinance Institutions (MFIs) for Guinea
GINFCLODMFHXDC
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Financial Intermediaries for Guinea (GINFCBMNUM), retrieved from FRED.