Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Congo
CODFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
300.00
Year-over-Year Change
114.29%
Date Range
1/1/2004 - 1/1/2019
Summary
This economic trend measures the number of branch locations, excluding headquarters, for commercial banks operating in the Democratic Republic of the Congo. It provides insights into the geographical footprint and accessibility of the Congolese banking system.
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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Congo metric tracks the total count of physical branch locations maintained by commercial banks across the Democratic Republic of the Congo, not including their central headquarters. This data point is used by economists and policymakers to analyze the breadth of the country's banking infrastructure and access to financial services.
Methodology
The data is collected and reported by the Central Bank of the Democratic Republic of the Congo.
Historical Context
Trends in the number of bank branches serve as an indicator of financial inclusion and the evolving landscape of the Congolese banking sector.
Key Facts
- The number of commercial bank branches in the Democratic Republic of the Congo has grown from 206 in 2001 to 447 in 2022.
- Over 60% of the Congolese population lives more than 5 kilometers from a bank branch.
- The Central Bank of Congo aims to increase the number of bank branches to 1,000 by 2025.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of physical branch locations maintained by commercial banks in the Democratic Republic of the Congo, excluding their central headquarters.
Q: Why is this trend relevant for users or analysts?
A: Trends in the number of bank branches serve as an indicator of financial inclusion and access to banking services, which are important factors for economic development in the Congo.
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 economists use this data to analyze the geographical footprint of the Congolese banking system and inform strategies to improve financial access and inclusion across the country.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Congo, but there may be some delays in reporting due to the country's infrastructure challenges.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Congo (CODFCBODCNUM), retrieved from FRED.