Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Congo
CODFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106,201,879,666.43
Year-over-Year Change
1274.43%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the outstanding deposits at other deposit takers in the Democratic Republic of the Congo. It provides insight into the usage of financial services and liquidity in the Congolese economy.
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, Liabilities: Outstanding Deposits at Other Deposit Takers for Congo series tracks the total value of deposits held at institutions other than the central bank, such as commercial banks. This metric indicates the overall level of financial intermediation and access to banking services within the country.
Methodology
The data is collected and reported by the Congolese central bank.
Historical Context
Policymakers and economists use this metric to evaluate financial sector development and the effectiveness of monetary policies.
Key Facts
- The series dates back to 1989.
- Deposits at other deposit takers reached a record high in 2021.
- The data is reported on a quarterly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held at financial institutions other than the central bank in the Democratic Republic of the Congo, such as commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial intermediation and access to banking services within the Congolese economy, which is important for evaluating financial sector development and the effectiveness of monetary policies.
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 assess the depth and development of the Congolese financial sector, which informs decisions related to monetary policy and financial regulations.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay of up to three months in the most recent figures being available.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Congo (CODFCLODDXDC), retrieved from FRED.