Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Congo
CODFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.14
Year-over-Year Change
109.27%
Date Range
1/1/2004 - 1/1/2019
Summary
This economic trend measures the number of commercial bank branches per 1,000 square kilometers in the Democratic Republic of the Congo. It provides insights into the geographic coverage and accessibility of the country's banking infrastructure.
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 1000 Km2 for Congo metric tracks the density of bank branch locations across the Democratic Republic of the Congo's vast territory. This data point is used by economists and policymakers to assess the financial inclusion and accessibility of banking services for the population.
Methodology
The data is collected by the Central Bank of the Democratic Republic of the Congo.
Historical Context
This metric is relevant for evaluating financial sector development and guiding policies to improve banking penetration in underserved regions.
Key Facts
- The DRC has one of the lowest bank branch densities in the world.
- Branch coverage varies greatly between urban and rural areas.
- Improving financial access is a key development priority for the Congolese government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in the Democratic Republic of the Congo, providing insights into the geographic coverage of the country's banking infrastructure.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and accessibility, as well as guiding policies to improve banking penetration in underserved regions of the DRC.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of the Democratic Republic of the Congo.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the development of the financial sector and inform strategies to expand banking services, particularly in rural and remote areas of the country.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and limited coverage in certain regions due to the challenges of infrastructure and data collection in the DRC.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Congo (CODFCBODCKNUM), retrieved from FRED.