Guinea: Financial institutions development, depth

* indicates monthly or quarterly data series
 Guinea

Financial institutions development, depth

 Latest value 0.019
 Year 2021
 Measure index points
 Data availability 1989 - 2021
 Average 0.013
 Min - Max 0.006 - 0.024
 Source International Monetary Fund
The latest value from 2021 is 0.019 index points, a decline from 0.02 index points in 2020. In comparison, the world average is 0.291 index points, based on data from 175 countries. Historically, the average for Guinea from 1989 to 2021 is 0.013 index points. The minimum value, 0.006 index points, was reached in 2007 while the maximum of 0.024 index points was recorded in 2015. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Guinea - Financial institutions development, depth - Recent values chart

Historical series
Guinea - Financial institutions development, depth - historical chart - 1989-2021




Definition: Measures the development of financial institutions in terms of depth. Constructed as a principal component of the following variables: Private-sector credit to GDP; Pension fund assets to GDP; Mutual fund assets to GDP; and Insurance premiums, life and non-life, to GDP. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

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 Related indicators Latest Reference Measure
 Financial development 0.107 2021 index points
 Financial institutions development 0.197 2021 index points
 Financial institutions development, depth 0.019 2021 index points
 Financial institutions development, access 0.043 2021 index points
 Financial institutions development, efficiency 0.630 2021 index points
 Financial markets development 0.013 2021 index points
 Financial markets development, depth 0.034 2021 index points
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