Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Guinea
GINFCLODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,276,685,000,000.00
Year-over-Year Change
834.40%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held by small and medium enterprises (SMEs) at commercial banks in Guinea. It provides insights into the financing and banking activities of the country's small business 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 Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Guinea indicator tracks the total deposit balances maintained by SMEs with commercial banks. This metric offers valuable information about SME access to and utilization of the formal banking system in the country.
Methodology
The data is collected through surveys of commercial banks operating in Guinea.
Historical Context
This indicator is relevant for policymakers and analysts examining financial inclusion and SME development in the Guinean economy.
Key Facts
- Guinea is a low-income country in West Africa.
- SMEs account for a significant portion of economic activity in Guinea.
- Improving SME access to banking services is a key policy priority.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held by small and medium enterprises (SMEs) at commercial banks in Guinea.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the financing and banking activities of Guinea's small business sector, which is crucial for understanding financial inclusion and SME development in the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys of commercial banks operating in Guinea.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and analysts examining financial inclusion and SME development in the Guinean economy.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting or limited coverage of the Guinean banking sector.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Guinea (GINFCLODCSXDC), retrieved from FRED.