Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Guinea
GINFCLODXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,173,926,000,000.00
Year-over-Year Change
2420.10%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the outstanding deposits held at other depository corporations in Guinea. It provides insights into the usage and demand for 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 outstanding deposits at other depository corporations, such as commercial banks, is an indicator of the level of financial intermediation and the public's utilization of the banking system in Guinea. This data is useful for analyzing the overall development and stability of the country's financial sector.
Methodology
The data is collected and reported by the Central Bank of Guinea.
Historical Context
This trend is relevant for policymakers and economists assessing the financial health and inclusion in the Guinean economy.
Key Facts
- Guinea is a low-income country in West Africa.
- The banking sector in Guinea is still developing.
- Deposits at other depository corporations are an important indicator of financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held at other depository corporations, such as commercial banks, in Guinea. It provides insights into the level of financial intermediation and utilization of the banking system in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and economists assessing the financial health, stability, and inclusion in the Guinean economy. It helps analyze 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 used by policymakers and institutions to evaluate the level of financial intermediation and inclusion in the Guinean economy, which informs policy decisions related to the development of the financial sector.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedule of the Central Bank of Guinea, which may result in update delays. Additionally, the quality and comprehensiveness of the data may be limited by the development stage of the Guinean financial system.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Guinea (GINFCLODXDC), retrieved from FRED.