Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Guinea
GINFCRODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139,880.00
Year-over-Year Change
1334.23%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures household borrowing from commercial banks in Guinea, providing insights into the use of financial services by households 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 Borrowers: Households Borrowing from Commercial Banks for Guinea series tracks the value of loans extended by commercial banks to households in Guinea. This metric is an important indicator of financial inclusion and the level of household access to formal credit in the Guinean economy.
Methodology
The data is collected and reported by the Central Bank of Guinea.
Historical Context
This trend is relevant for understanding the depth of financial intermediation and access to credit for households in Guinea.
Key Facts
- Guinea is a low-income country in West Africa.
- Formal financial inclusion remains low in Guinea.
- Households are a key segment for financial service providers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of loans extended by commercial banks to households in Guinea, providing insight into household access to formal credit.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial inclusion and the depth of financial intermediation in the Guinean economy.
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 understanding household access to credit and informing policies aimed at promoting financial inclusion in Guinea.
Q: Are there update delays or limitations?
A: The data may be subject to publication lags or revisions by the reporting agency.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Guinea (GINFCRODCHPENUM), retrieved from FRED.