Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Congo
CODFCBODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.00
Year-over-Year Change
166.67%
Date Range
1/1/2011 - 1/1/2019
Summary
This economic trend measures the number of branches, excluding headquarters, for credit unions and financial cooperatives in the Democratic Republic of the Congo. It provides insight into the geographic reach and accessibility of these financial institutions.
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 Credit Unions and Financial Cooperatives for Congo series tracks the branch network expansion of these community-based financial providers. This data is useful for analyzing financial inclusion and the availability of banking services across the country.
Methodology
The data is collected through surveys of credit unions and financial cooperatives operating in the Democratic Republic of the Congo.
Historical Context
This trend is relevant for policymakers and financial sector analysts examining financial access and the growth of community-based financial institutions.
Key Facts
- The number of credit union and cooperative branches in the DRC has grown steadily in recent years.
- These community-based financial institutions play a key role in increasing access to banking services.
- Expanding branch networks is a priority for expanding financial inclusion in the DRC.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branches, excluding headquarters, for credit unions and financial cooperatives operating in the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the geographic reach and accessibility of community-based financial institutions, which is crucial for understanding financial inclusion in the DRC.
Q: How is this data collected or calculated?
A: The data is collected through surveys of credit unions and financial cooperatives operating in the Democratic Republic of the Congo.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and financial sector analysts examining financial access and the growth of community-based financial institutions in the DRC.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in coverage or reporting by financial institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Congo (CODFCBODUNUM), retrieved from FRED.