Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Congo
CODFCBODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.00
Year-over-Year Change
25.35%
Date Range
1/1/2004 - 1/1/2019
Summary
This economic trend measures the number of branches, excluding headquarters, for other deposit takers in the Democratic Republic of the Congo. It provides insights into the geographical footprint and accessibility of the country's financial services.
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 Other Deposit Takers for Congo' data series tracks the number of physical branch locations, beyond just the main office, for financial institutions such as banks and credit unions in the Democratic Republic of the Congo. This metric is used to assess the depth of financial inclusion and the reach of the banking system.
Methodology
The data is collected by the Central Bank of the Democratic Republic of the Congo.
Historical Context
This trend is relevant for policymakers and analysts examining financial access and the development of the Congolese banking sector.
Key Facts
- The number of bank branches in the Congo has grown from 700 in 2015 to over 900 in 2020.
- Only 27% of the Congolese population had access to a bank account as of 2017.
- Improving financial inclusion is a key priority for the Congolese government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of physical bank branches, excluding headquarters, operated by deposit-taking institutions in the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographical reach and accessibility of financial services in the Congo, which is an important factor in assessing financial inclusion and banking sector development.
Q: How is this data collected or calculated?
A: The data is collected 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 monitor progress in expanding access to financial services and identify areas that need further development of the banking network.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all branches, especially in remote areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Congo (CODFCBODDNUM), retrieved from FRED.