Private credit by deposit money banks to GDP in Guinea
Guinea: Private credit by deposit money banks to GDP was 9.0% in 2021. ▲ Rising
Private credit by deposit money banks to GDP in Guinea, 1989–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Guinea recorded 9.0% for private credit by deposit money banks to gdp in 2021.
That represents a change of down 7.5% on the previous year and up 32.3% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Guinea peaked at 11.5% in 2015 and was at its lowest, 2.6%, in 2009.
That places Guinea 174th out of 187 countries with data for 2021, putting it 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 to GDP 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 22.2%, 40% 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 to gdp in Guinea?
- Private credit by deposit money banks to gdp 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 to gdp recorded in Guinea?
- The highest recorded value was 11.5% in 2015.
- What is the lowest private credit by deposit money banks to gdp recorded in Guinea?
- The lowest recorded value was 2.6% in 2009.
- How does Guinea rank for private credit by deposit money banks to gdp?
- Guinea ranks 174th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp 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 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 (IFS line 22d); 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).