Claims on Private Sector for Guinea
GINFDSAOPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.35
Year-over-Year Change
57.21%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Claims on Private Sector for Guinea' metric measures the total value of credit and other claims held by financial institutions against the private sector in Guinea. This indicator provides insight into the level of financial intermediation and private sector access to credit in 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 'Claims on Private Sector' series represents the stock of credit and other financial claims that banks and other financial intermediaries hold against households, firms, and other private entities within Guinea. It is a key measure of financial development and the degree to which the private sector is able to access formal credit markets.
Methodology
This data is collected by the Central Bank of Guinea and reported to the International Monetary Fund.
Historical Context
Policymakers and analysts use this metric to assess the health and growth of the Guinean financial system and its support for private economic activity.
Key Facts
- Guinea is a low-income country in West Africa.
- Private sector credit is a key driver of economic growth.
- Financial inclusion remains a challenge in many developing economies.
FAQs
Q: What does this economic trend measure?
A: The 'Claims on Private Sector for Guinea' metric measures the total value of credit and other financial claims held by banks and other institutions against private households and firms in Guinea.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial intermediation and private sector access to credit in the Guinean economy, which is a key driver of economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Guinea and reported to the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and growth of the Guinean financial system and its support for private economic activity.
Q: Are there update delays or limitations?
A: There may be delays in reporting or limitations in data coverage, as is common for economic indicators in developing countries.
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Citation
U.S. Federal Reserve, Claims on Private Sector for Guinea (GINFDSAOPGDPPT), retrieved from FRED.