Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Congo
CODFCRODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
440,732.00
Year-over-Year Change
11169.04%
Date Range
1/1/2004 - 1/1/2018
Summary
The 'Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Congo' series measures the number of people in the Republic of the Congo who borrow from commercial banks. This provides insight into financial inclusion and access to credit in the country.
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 economic indicator tracks the number of individual borrowers from commercial banks in the Republic of the Congo. It offers a view into the level of financial intermediation and use of formal banking services within the Congolese economy.
Methodology
The data is collected through surveys and reports from the Central Bank of Congo.
Historical Context
This metric is useful for policymakers and analysts evaluating financial sector development and inclusion in the Republic of the Congo.
Key Facts
- The Republic of the Congo has a population of over 5.5 million.
- Access to formal banking services remains limited in parts of the country.
- This metric tracks a key indicator of financial inclusion and development.
FAQs
Q: What does this economic trend measure?
A: This series measures the number of individual borrowers from commercial banks in the Republic of the Congo. It provides insight into the use of formal financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and access to credit, which are key drivers of economic development and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from the Central Bank of Congo.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the performance of the financial sector and guide policies aimed at improving financial inclusion and access to credit.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in coverage or methodology, as is common with economic indicators in developing countries.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Congo (CODFCRODCPENUM), retrieved from FRED.