Geographical Outreach: Key Indicators, All MFI Branches Per 1000 Km2 for Congo
CODFCBODMFKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-6.03%
Date Range
1/1/2012 - 1/1/2015
Summary
This indicator measures the geographic outreach of microfinance institutions (MFIs) in the Democratic Republic of the Congo, tracking the number of MFI branches per 1,000 square kilometers. It provides insight into the accessibility of financial services across 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 Geographical Outreach: Key Indicators, All MFI Branches Per 1000 Km2 for Congo series tracks the spatial distribution of microfinance services in the Democratic Republic of the Congo. It is an important metric for evaluating financial inclusion and the reach of the microfinance sector.
Methodology
The data is collected directly from microfinance institutions operating in the country.
Historical Context
This metric is used by policymakers, development organizations, and financial analysts to monitor financial access and the growth of the microfinance industry in the DRC.
Key Facts
- The DRC has a land area of 2.3 million square km.
- Only 6% of the DRC population had access to formal financial services in 2018.
- There were 0.3 MFI branches per 1,000 sq km in the DRC as of the latest data.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the geographic distribution of microfinance institutions (MFIs) in the Democratic Republic of the Congo, measuring the number of MFI branches per 1,000 square kilometers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the accessibility and penetration of financial services across the DRC, which is crucial for evaluating financial inclusion and the growth of the microfinance sector.
Q: How is this data collected or calculated?
A: The data is collected directly from microfinance institutions operating in the Democratic Republic of the Congo.
Q: How is this trend used in economic policy?
A: Policymakers, development organizations, and financial analysts use this metric to monitor financial access and the growth of the microfinance industry in the DRC.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags from microfinance institutions, and does not capture informal financial services.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, All MFI Branches Per 1000 Km2 for Congo (CODFCBODMFKNUM), retrieved from FRED.