Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Congo
CODFCBODUKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.05
Year-over-Year Change
-33.76%
Date Range
1/1/2011 - 1/1/2019
Summary
This economic trend measures the number of credit union and financial cooperative branches per 1,000 square kilometers in the Democratic Republic of the Congo. It provides insights into the geographical outreach and accessibility of financial services 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 Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Congo metric tracks the density of financial institution branches across the Democratic Republic of the Congo's geographic area. This data point is useful for analyzing financial inclusion and the availability of banking services, especially in rural or underserved regions.
Methodology
The data is collected by the Central Bank of the Democratic Republic of the Congo.
Historical Context
Policymakers and financial institutions use this metric to guide decisions on expanding financial access and infrastructure.
Key Facts
- The DRC covers an area of 2.3 million sq km.
- In 2020, there were 0.3 branches per 1,000 sq km.
- Financial inclusion remains a challenge in the DRC.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit union and financial cooperative branches per 1,000 square kilometers in the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographic accessibility and density of financial services, which is important for analyzing financial inclusion and economic development in 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 financial institutions use this metric to guide decisions on expanding financial access and infrastructure across the DRC.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting or gaps in coverage, as financial inclusion remains a challenge in the DRC.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Congo (CODFCBODUKNUM), retrieved from FRED.