Use of Financial Services Borrowers: Persons Borrowing from Other Deposit Takers for Congo
CODFCRODDPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,962.00
Year-over-Year Change
-23.78%
Date Range
1/1/2004 - 1/1/2008
Summary
This economic trend measures the number of persons borrowing from other deposit takers in the Republic of Congo. It provides insights into the use of financial services 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 Borrowers: Persons Borrowing from Other Deposit Takers for Congo' series tracks the total number of individuals who have obtained loans or other credit products from non-bank financial institutions in the Republic of Congo. This metric is used to gauge financial inclusion and the development of the broader credit market.
Methodology
The data is collected through surveys and reports from financial institutions operating in the Republic of Congo.
Historical Context
This trend is closely monitored by policymakers, central banks, and development organizations to inform financial sector policies and initiatives.
Key Facts
- The Republic of Congo is a Central African nation with a population of over 5 million.
- Access to formal financial services remains limited, with only about 16% of adults having a bank account.
- Microfinance institutions play a key role in providing credit to underserved segments of the Congolese population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in the Republic of Congo who have borrowed money from non-bank financial institutions, providing insights into financial inclusion and credit market development.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for policymakers, financial institutions, and development organizations to understand the level of access to credit and the overall financial health of the Congolese economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial institutions operating in the Republic of Congo.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and central banks to inform financial sector policies and initiatives aimed at increasing financial inclusion and access to credit in the Republic of Congo.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays and limitations in capturing informal or unregistered lending activities in the Republic of Congo.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Other Deposit Takers for Congo (CODFCRODDPENUM), retrieved from FRED.