Bank deposits to GDP in Guinea
Guinea: Bank deposits to GDP was 18.0% in 2021. ◆ Volatile
Bank deposits to GDP in Guinea, 1989–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Guinea recorded 18.0% for bank deposits to gdp in 2021.
Compared with earlier readings it is down 4.9% on the previous year and up 1.8% over ten years.
Over the whole period, bank deposits to gdp in Guinea peaked at 18.9% in 2020 and was at its lowest, 3.3%, in 1990.
Guinea ranks 170th of 185 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Bank deposits to GDP in Guinea, year by year
| Year | % | Change |
|---|---|---|
| 1989 | 3.3% | — |
| 1990 | 3.3% | -1.8% |
| 1991 | 3.5% | +6.5% |
| 1992 | 3.9% | +11.9% |
| 1993 | 4.5% | +16.1% |
| 1994 | 4.4% | -1.8% |
| 1995 | 4.6% | +4.0% |
| 1996 | 4.9% | +6.1% |
| 1997 | 5.2% | +5.3% |
| 1998 | 5.1% | -1.7% |
| 1999 | 5.0% | -1.7% |
| 2000 | 5.5% | +10.9% |
| 2001 | 6.4% | +16.6% |
| 2002 | 7.6% | +18.4% |
| 2003 | 8.7% | +13.5% |
| 2004 | 10.7% | +23.9% |
| 2005 | 11.2% | +4.2% |
| 2006 | 12.4% | +11.3% |
| 2007 | 7.5% | -39.9% |
| 2008 | 9.5% | +26.9% |
| 2009 | 9.8% | +2.9% |
| 2010 | 16.2% | +65.7% |
| 2011 | 17.7% | +9.2% |
| 2012 | 13.2% | -25.5% |
| 2013 | 14.9% | +13.0% |
| 2014 | 16.1% | +8.7% |
| 2015 | 18.2% | +12.9% |
| 2016 | 17.0% | -6.8% |
| 2017 | 15.9% | -6.3% |
| 2018 | 17.4% | +9.2% |
| 2019 | 18.6% | +7.2% |
| 2020 | 18.9% | +1.4% |
| 2021 | 18.0% | -4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.3% | 3.3% | 3.3% | 1 |
| 1990s | 4.4% | 3.3% | 5.2% | 10 |
| 2000s | 8.9% | 5.5% | 12.4% | 10 |
| 2010s | 16.5% | 13.2% | 18.6% | 10 |
| 2020s | 18.4% | 18.0% | 18.9% | 2 |
Countries ranked near Guinea
More financial sector data for Guinea
- Total reserves in months of imports, annual growth rate -41.64 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -27.16 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0239 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 40.55 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate -30.17 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 42.49 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate -26.65 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 69.93 SDR per person (2024)
Frequently asked questions
- What is bank deposits to gdp in Guinea?
- Bank deposits to gdp in Guinea was 18.0% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Guinea?
- The highest recorded value was 18.9% in 2020.
- What is the lowest bank deposits to gdp recorded in Guinea?
- The lowest recorded value was 3.3% in 1990.
- How does Guinea rank for bank deposits to gdp?
- Guinea ranks 170th out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Guinea?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).