Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Congo
CODFCAODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.24
Year-over-Year Change
200.77%
Date Range
1/1/2009 - 1/1/2015
Summary
This economic trend measures the number of deposit accounts with credit unions and financial cooperatives per 1,000 adults in the Democratic Republic of the Congo. It provides insight into the use of formal financial services and access to banking 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, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Congo' series tracks the penetration of basic banking services in the Democratic Republic of the Congo. This metric is used by economists and policymakers to gauge financial inclusion and the development of the cooperative banking sector.
Methodology
The data is collected through surveys and administrative records from credit unions and financial cooperatives in the DRC.
Historical Context
This trend is relevant for understanding the state of financial access and the potential for expanded banking services in the Congolese market.
Key Facts
- The latest data shows XX deposit accounts per 1,000 adults in the DRC.
- Cooperative banking plays a significant role in providing financial access in rural areas.
- Financial inclusion remains a key development priority in the DRC.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held with credit unions and financial cooperatives per 1,000 adults in the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and access to basic banking services in the DRC, which is crucial for understanding the development of the country's cooperative finance sector and overall financial system.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records from credit unions and financial cooperatives operating in the Democratic Republic of the Congo.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess progress on financial inclusion goals and inform policies aimed at expanding access to banking and cooperative finance in the DRC.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting or coverage limitations of the cooperative finance sector in some regions of the DRC.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Congo (CODFCAODUANUM), retrieved from FRED.