Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Guinea
GINFCNODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.40
Year-over-Year Change
1217.79%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the percentage of non-financial corporation depositors with commercial banks in Guinea that have small and medium enterprise (SME) loan accounts. It provides insight into the usage of financial services by SMEs 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 'Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Guinea' metric tracks the financial inclusion of SMEs, which are vital for economic development. It indicates the degree to which SMEs are able to access credit from the formal banking sector.
Methodology
The data is collected by the World Bank from commercial bank records in Guinea.
Historical Context
This indicator is useful for policymakers and economists assessing the health of Guinea's financial system and SME sector.
Key Facts
- SMEs account for over 90% of businesses in Guinea.
- Access to credit is a major constraint for SMEs in the country.
- Increasing SME lending is a key policy priority for economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of non-financial corporation depositors with commercial banks in Guinea that have small and medium enterprise (SME) loan accounts.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the financial inclusion of SMEs, which are vital for economic growth and development in Guinea. It signals the degree to which SMEs can access credit from the formal banking sector.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from commercial bank records in Guinea.
Q: How is this trend used in economic policy?
A: This indicator is useful for policymakers and economists assessing the health of Guinea's financial system and SME sector, as increasing SME lending is a key policy priority for economic development.
Q: Are there update delays or limitations?
A: The data may be subject to collection and reporting delays common for emerging market economies.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Guinea (GINFCNODCSPNUM), retrieved from FRED.