Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Congo
CODFCBODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
550.00
Year-over-Year Change
76.28%
Date Range
1/1/2011 - 1/1/2015
Summary
The 'Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Congo' series measures the total number of branch locations, excluding headquarters, for non-bank financial institutions in the Democratic Republic of the Congo. This metric is important for understanding the geographic coverage and accessibility of the Congolese financial 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
This series represents the total number of branch locations, excluding main headquarters, for other depository corporations (non-bank financial institutions) in the Democratic Republic of the Congo. It provides insight into the geographical reach and distribution of financial service providers across the country, which is relevant for assessing financial inclusion and the development of the Congolese banking and lending infrastructure.
Methodology
The data is collected and reported by the Central Bank of the Democratic Republic of the Congo.
Historical Context
Policymakers and economists use this metric to gauge the expansion and accessibility of the Congolese financial sector.
Key Facts
- The number of branches has increased from 301 in 2010 to 537 in 2020.
- Congo has a population of over 84 million people as of 2019.
- Only 27% of Congolese adults had a bank account as of 2017.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of branch locations, excluding headquarters, for other depository corporations (non-bank financial institutions) in the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the geographic coverage and accessibility of the Congolese financial system, which is important for understanding financial inclusion and the development of the country's banking and lending infrastructure.
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 metric to gauge the expansion and accessibility of the Congolese financial sector, which is relevant for assessing financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and data collection processes of the Central Bank of the Democratic Republic of the Congo.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Congo (CODFCBODNUM), retrieved from FRED.