Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Guinea
GINFCLOFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121,547,000,000.00
Year-over-Year Change
803.86%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the outstanding deposits held at other financial corporations in Guinea. It provides insight into the use of financial services and the liquidity position of the Guinean economy.
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 at Other Financial Corporations for Guinea tracks the total value of deposits held by Guinean individuals and businesses at non-bank financial institutions. This metric is used by economists and policymakers to assess financial inclusion, banking sector health, and overall economic activity.
Methodology
The data is collected by the Central Bank of Guinea through surveys of financial institutions.
Historical Context
Policymakers and analysts use this trend to monitor financial sector development and guide policies that promote access to banking services.
Key Facts
- Guinea is a low-income country in West Africa.
- Financial inclusion remains a challenge, with only 15% of adults having a bank account.
- The Central Bank of Guinea oversees the country's banking and financial system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses at non-bank financial institutions in Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into financial inclusion, banking sector health, and overall economic activity in Guinea.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Guinea through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor financial sector development and guide policies that promote access to banking services.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting by financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Guinea (GINFCLOFXDC), retrieved from FRED.