Private credit by deposit money banks and other financial in Guinea
Guinea: Private credit by deposit money banks and other financial was 9.0% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Guinea, 1989–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks and other financial in Guinea stood at 9.0%.
Compared with earlier readings it is down 7.5% on the previous year and up 32.3% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Guinea peaked at 11.5% in 2015 and was at its lowest, 2.6%, in 2009.
Guinea ranks 175th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 33 years of available data.
Private credit by deposit money banks and other financial in Guinea, year by year
| Year | % | Change |
|---|---|---|
| 1989 | 3.7% | — |
| 1990 | 4.1% | +10.2% |
| 1991 | 3.5% | -14.2% |
| 1992 | 3.6% | +2.9% |
| 1993 | 4.2% | +15.7% |
| 1994 | 4.4% | +5.1% |
| 1995 | 5.0% | +13.3% |
| 1996 | 4.8% | -2.2% |
| 1997 | 4.4% | -8.4% |
| 1998 | 3.5% | -20.7% |
| 1999 | 3.7% | +5.6% |
| 2000 | 3.9% | +4.5% |
| 2001 | 3.8% | -2.1% |
| 2002 | 3.7% | -3.0% |
| 2003 | 3.7% | +1.2% |
| 2004 | 3.4% | -9.2% |
| 2005 | 4.4% | +30.5% |
| 2006 | 3.8% | -15.0% |
| 2007 | 2.8% | -25.6% |
| 2008 | 2.8% | -1.2% |
| 2009 | 2.6% | -5.0% |
| 2010 | 3.9% | +49.4% |
| 2011 | 6.8% | +73.1% |
| 2012 | 5.8% | -14.6% |
| 2013 | 7.2% | +24.0% |
| 2014 | 9.7% | +35.3% |
| 2015 | 11.5% | +18.3% |
| 2016 | 10.6% | -8.1% |
| 2017 | 8.8% | -16.7% |
| 2018 | 10.1% | +14.3% |
| 2019 | 10.7% | +6.0% |
| 2020 | 9.7% | -9.0% |
| 2021 | 9.0% | -7.5% |
Guinea compared with similar countries
- Guinea's 9.0% is below the median for lower middle income countries, which is 24.6%, 37% of the median. (46 countries reporting)
- Guinea's 9.0% is below the median for Sub-Saharan Africa, which is 15.4%, 58% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.7% | 3.7% | 3.7% | 1 |
| 1990s | 4.1% | 3.5% | 5.0% | 10 |
| 2000s | 3.5% | 2.6% | 4.4% | 10 |
| 2010s | 8.5% | 3.9% | 11.5% | 10 |
| 2020s | 9.4% | 9.0% | 9.7% | 2 |
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 private credit by deposit money banks and other financial in Guinea?
- Private credit by deposit money banks and other financial in Guinea was 9.0% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Guinea?
- The highest recorded value was 11.5% in 2015.
- What is the lowest private credit by deposit money banks and other financial recorded in Guinea?
- The lowest recorded value was 2.6% in 2009.
- How does Guinea rank for private credit by deposit money banks and other financial?
- Guinea ranks 175th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Guinea?
- Over the last ten years it is up 32.3%. The long-run trend across the full record is rising.
- Where does this Guinea data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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)