Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Guinea-Bissau
GNBFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
219,017,000,000.00
Year-over-Year Change
216.18%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at commercial banks in Guinea-Bissau, providing insight into the use of financial services and assets 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 Outstanding Loans at Commercial Banks for Guinea-Bissau trend represents the total value of loans extended by commercial banks operating in the country. This metric is a key indicator of financial intermediation and access to credit, which are important for economic development.
Methodology
The data is collected by the Central Bank of Guinea-Bissau and reported to the International Monetary Fund.
Historical Context
Policymakers and analysts use this trend to assess the depth and breadth of the financial sector and its role in supporting private investment and economic growth.
Key Facts
- Guinea-Bissau is a small West African country with a population of over 1.9 million.
- The outstanding commercial bank loans in Guinea-Bissau were $130 million as of the latest data.
- Access to financial services remains limited in Guinea-Bissau compared to other countries in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans extended by commercial banks operating in Guinea-Bissau.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and breadth of the financial sector in Guinea-Bissau, which is important for supporting private investment and economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Guinea-Bissau and reported to the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the financial intermediation and access to credit in Guinea-Bissau, which can inform policies aimed at developing the financial sector and supporting economic development.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and can be limited by the capacity of the financial institutions and statistical agencies in Guinea-Bissau.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Guinea-Bissau (GNBFCSODCXDC), retrieved from FRED.