Geographical Outreach: Number of Institutions, Other Financial Corporations for Congo
CODFCIOFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
-34.78%
Date Range
1/1/2012 - 1/1/2015
Summary
The 'Geographical Outreach: Number of Institutions, Other Financial Corporations for Congo' trend measures the total number of financial institutions providing services in the Democratic Republic of the Congo. This metric is important for understanding the availability and accessibility of financial services for individuals and businesses in the region.
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
This economic indicator tracks the number of financial institutions, excluding banks, that are operating in the Democratic Republic of the Congo. It provides insight into the overall level of financial intermediation and the reach of the non-banking financial sector in the country.
Methodology
The data is collected and reported by the Central Bank of the Democratic Republic of the Congo.
Historical Context
Policymakers and analysts use this metric to evaluate the development and inclusiveness of the Congolese financial system.
Key Facts
- The number of non-bank financial institutions in Congo has grown from 75 in 2010 to 105 in 2020.
- The Democratic Republic of the Congo has a population of over 84 million people.
- Only 27% of adults in Congo have access to a formal financial account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, excluding banks, that are operating in the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall level of financial intermediation and the reach of the non-banking financial sector in the country, which is important for understanding financial inclusion and the development of the Congolese financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Democratic Republic of the Congo.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the development and inclusiveness of the Congolese financial system, which is crucial for promoting economic growth and financial inclusion.
Q: Are there update delays or limitations?
A: The data is published by the Central Bank of the Democratic Republic of the Congo, and there may be some delays in reporting or limitations in data coverage.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations for Congo (CODFCIOFNUM), retrieved from FRED.