Goods and Services: Credit for Guinea-Bissau
GNBBXGSBP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.88
Year-over-Year Change
-26.09%
Date Range
1/1/2000 - 1/1/2026
Summary
This economic trend measures the credit for goods and services as a percentage of Guinea-Bissau's gross domestic product (GDP). It provides insights into the country's financial and trade dynamics.
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 Goods and Services: Credit for Guinea-Bissau metric represents the value of credit extended for the purchase of goods and services, expressed as a percentage of the country's GDP. This indicator offers a window into Guinea-Bissau's economic integration, trade flows, and financial sector development.
Methodology
The data is collected and calculated by the World Bank based on national accounts and balance of payments statistics.
Historical Context
This trend is used by economists and policymakers to assess Guinea-Bissau's economic openness, trade competitiveness, and financial system efficiency.
Key Facts
- Guinea-Bissau's goods and services credit-to-GDP ratio was 25.6% in 2020.
- The metric has fluctuated between 17.6% and 36.4% over the past decade.
- Credit for goods and services is an important indicator of economic openness and financial development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of credit extended for the purchase of goods and services in Guinea-Bissau, expressed as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Guinea-Bissau's economic integration, trade flows, and financial sector development, which are important for assessing the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess Guinea-Bissau's economic openness, trade competitiveness, and financial system efficiency, which can inform policy decisions and strategies.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, as it relies on national accounts and balance of payments statistics, which can take time to compile and publish.
Related Trends
Real GDP Per Capita for Guinea-Bissau
GNBNGDPRPCPCPPPT
Number of Identified Exporters to Guinea-Bissau from Texas
TXGNBA475SCEN
Bank Credit to Bank Deposits for Guinea-Bissau
DDSI04GWA156NWDB
Number of Identified Exporters to Guinea-Bissau from Oregon
ORGNBA475SCEN
Credit to Government and State-Owned Enterprises to GDP for Guinea-Bissau
DDEI08GWA156NWDB
Liquid Liabilities (Broad Money) for Guinea-Bissau
DDOI07GWA648NWDB
Citation
U.S. Federal Reserve, Goods and Services: Credit for Guinea-Bissau (GNBBXGSBP6GDPPT), retrieved from FRED.