Firms with a Bank Loan or Line of Credit to Total Firms for Congo
DDAI03CGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.80
Year-over-Year Change
0.00%
Date Range
1/1/2009 - 1/1/2009
Summary
This trend measures the percentage of firms in the Democratic Republic of the Congo that have a bank loan or line of credit. It provides insight into the access to formal financial services for businesses in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Firms with a Bank Loan or Line of Credit to Total Firms' indicator represents the share of firms in the Democratic Republic of the Congo that report having a bank loan or line of credit. This metric is used to assess the depth of the formal financial sector and access to credit for private enterprises.
Methodology
The data is collected through enterprise surveys conducted by the World Bank.
Historical Context
This indicator is relevant for policymakers and analysts studying financial inclusion and private sector development in the Congolese economy.
Key Facts
- Trend measures share of Congolese firms with bank financing.
- Provides insight into financial inclusion in the private sector.
- Data collected through World Bank enterprise surveys.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of firms in the Democratic Republic of the Congo that have a bank loan or line of credit.
Q: Why is this trend relevant for users or analysts?
A: This indicator is useful for assessing the depth of the formal financial sector and access to credit for private enterprises in the Congolese economy.
Q: How is this data collected or calculated?
A: The data is collected through enterprise surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and analysts studying financial inclusion and private sector development in the Democratic Republic of the Congo.
Q: Are there update delays or limitations?
A: The data is subject to the periodicity of the World Bank's enterprise surveys in the Democratic Republic of the Congo.
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Citation
U.S. Federal Reserve, Firms with a Bank Loan or Line of Credit to Total Firms for Congo (DDAI03CGA156NWDB), retrieved from FRED.