Domestic credit to private sector in Guinea
Guinea: Domestic credit to private sector was 10.0% in 2020. ▲ Rising
Domestic credit to private sector in Guinea, 1991–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Guinea recorded 10.0% for domestic credit to private sector in 2020.
Compared with earlier readings it is down 3.2% on the previous year and up 152.8% over ten years.
Over the whole period, domestic credit to private sector in Guinea peaked at 11.8% in 2015 and was at its lowest, 2.7%, in 2009.
Guinea ranks 177th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Domestic credit to private sector in Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1991 | 3.5% | — |
| 1992 | 3.6% | +3.1% |
| 1993 | 4.2% | +15.3% |
| 1994 | 4.4% | +5.1% |
| 1995 | 5.0% | +13.3% |
| 1996 | 4.9% | -2.1% |
| 1997 | 4.5% | -6.8% |
| 1998 | 3.7% | -19.2% |
| 2000 | 4.0% | +9.2% |
| 2001 | 4.0% | +1.3% |
| 2002 | 4.1% | +2.7% |
| 2003 | 4.2% | +1.9% |
| 2004 | 3.8% | -10.4% |
| 2005 | 5.7% | +49.4% |
| 2006 | 4.6% | -18.6% |
| 2007 | 3.3% | -29.1% |
| 2008 | 3.2% | -0.7% |
| 2009 | 2.7% | -17.9% |
| 2010 | 3.9% | +48.2% |
| 2011 | 6.8% | +72.9% |
| 2012 | 5.9% | -13.2% |
| 2013 | 7.3% | +24.0% |
| 2014 | 9.9% | +35.3% |
| 2015 | 11.8% | +19.0% |
| 2016 | 10.8% | -8.9% |
| 2017 | 9.1% | -15.4% |
| 2018 | 9.7% | +5.9% |
| 2019 | 10.3% | +6.6% |
| 2020 | 10.0% | -3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.2% | 3.5% | 5.0% | 8 |
| 2000s | 4.0% | 2.7% | 5.7% | 10 |
| 2010s | 8.6% | 3.9% | 11.8% | 10 |
| 2020s | 10.0% | 10.0% | 10.0% | 1 |
Countries ranked near Guinea
More financial sector data for Guinea
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.44 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.78 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.44 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector in Guinea?
- Domestic credit to private sector in Guinea was 10.0% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Guinea?
- The highest recorded value was 11.8% in 2015.
- What is the lowest domestic credit to private sector recorded in Guinea?
- The lowest recorded value was 2.7% in 2009.
- How does Guinea rank for domestic credit to private sector?
- Guinea ranks 177th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Guinea?
- Over the last ten years it is up 152.8%. The long-run trend across the full record is rising.
- Where does this Guinea data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.