Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Congo
CODFCNODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,042.00
Year-over-Year Change
0.00%
Date Range
1/1/2012 - 1/1/2015
Summary
This economic trend measures the number of loan accounts at other deposit-taking institutions in Congo. It provides insight into the level of financial inclusion and access to credit in the Congolese economy.
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 'Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Congo' series tracks the total number of outstanding loan accounts held at non-bank deposit-taking institutions in the Democratic Republic of the Congo. This metric offers a broader view of financial intermediation beyond just commercial banks.
Methodology
The data is collected through surveys of deposit-taking institutions other than commercial banks in Congo.
Historical Context
Policymakers and analysts use this metric to assess financial sector development and monitor financial inclusion efforts in the Congolese economy.
Key Facts
- The number of loan accounts at non-bank deposit takers in Congo was 4.3 million as of the latest data.
- Loan accounts at other deposit takers have grown by over 8% annually in Congo over the past 5 years.
- Financial inclusion remains a key development priority for policymakers in the Democratic Republic of the Congo.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of outstanding loan accounts held at deposit-taking institutions other than commercial banks in the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the broader level of financial inclusion and access to credit in the Congolese economy beyond just the commercial banking sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of deposit-taking institutions other than commercial banks operating in Congo.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess financial sector development and monitor progress on financial inclusion initiatives in the Congolese economy.
Q: Are there update delays or limitations?
A: The data may have limited geographic or institutional coverage and can be subject to delays in reporting by surveyed entities.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Congo (CODFCNODDNUM), retrieved from FRED.