Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Congo
CODFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
40.92%
Date Range
1/1/2004 - 1/1/2019
Summary
This economic trend measures the number of commercial bank branches per 100,000 adults in the Democratic Republic of the Congo. It provides insights into the accessibility and penetration of financial services across the population.
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 Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Congo metric tracks the physical presence and distribution of commercial banking infrastructure. This indicator is used by economists and policymakers to assess financial inclusion and the reach of the formal banking system.
Methodology
The data is collected and reported by the World Bank through surveys of financial institutions.
Historical Context
This trend is relevant for evaluating financial sector development and identifying underserved regions that may require targeted policies.
Key Facts
- The DRC had 2.63 commercial bank branches per 100,000 adults in 2020.
- Financial inclusion remains a challenge, with only 27% of adults having a bank account.
- Branch density varies widely across the country, with higher concentrations in urban areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in the Democratic Republic of the Congo. It provides insights into the physical accessibility and geographic coverage of the formal banking system.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for evaluating financial inclusion and the reach of banking services across the Congolese population. It helps identify underserved regions and can inform policies to improve access to financial products and services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank through surveys of commercial banks and other financial institutions operating in the Democratic Republic of the Congo.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the development of the financial sector and identify areas that require targeted interventions to expand the accessibility of banking services.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be delays in reporting due to the challenges of data collection in parts of the Democratic Republic of the Congo.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Congo (CODFCBODCANUM), retrieved from FRED.