Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Congo
CODFCSODUGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.09
Year-over-Year Change
-57.65%
Date Range
1/1/2010 - 1/1/2021
Summary
This economic trend measures the outstanding loans from credit unions and financial cooperatives in the Democratic Republic of the Congo as a percentage of GDP. It provides insights into the use and access to 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 Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Congo series tracks the level of financial intermediation and the depth of the credit market in the Democratic Republic of the Congo. It is an important indicator of financial inclusion and the development of the country's financial sector.
Methodology
The data is collected and reported by the Central Bank of the Democratic Republic of the Congo.
Historical Context
This trend is used by policymakers, economists, and financial analysts to assess the Congo's financial system development and progress towards greater financial inclusion.
Key Facts
- Outstanding loans from credit unions and cooperatives were 1.4% of GDP in 2020.
- Financial inclusion remains low in the Democratic Republic of the Congo.
- Cooperative banking plays an important role in providing access to credit.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from credit unions and financial cooperatives in the Democratic Republic of the Congo as a percentage of GDP. It provides insights into financial intermediation and the depth of the credit market.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for assessing the development and financial inclusion of the Congolese financial system. It is an important indicator for policymakers, economists, and financial analysts interested in the country's economic and financial progress.
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: This trend is used by policymakers, economists, and financial analysts to evaluate the Congo's financial system development and progress towards greater financial inclusion. It informs policy decisions aimed at expanding access to credit and other financial services.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and updates from the central bank. The coverage and accuracy of the data may also be limited due to the challenges of collecting financial information in the Democratic Republic of the Congo.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Congo (CODFCSODUGGDPPT), retrieved from FRED.