Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Congo
COGFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.46
Year-over-Year Change
131.59%
Date Range
1/1/2011 - 1/1/2022
Summary
This economic trend measures the outstanding deposits with commercial banks in the Democratic Republic of the Congo, providing insights into the country's financial services usage and economic activity.
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: Key Indicators, Outstanding Deposits with Commercial Banks for Congo series tracks the total value of deposits held with commercial banks in the Democratic Republic of the Congo. This metric serves as an indicator of the level of financial intermediation and economic development within the Congolese economy.
Methodology
The data is collected by the Central Bank of the Democratic Republic of the Congo.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the depth and stability of the Congolese financial system.
Key Facts
- The Democratic Republic of the Congo is a developing economy in Central Africa.
- Commercial bank deposits are a key indicator of financial intermediation and economic activity.
- This data is published by the Central Bank of the Democratic Republic of the Congo.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held with commercial banks in the Democratic Republic of the Congo, providing insights into the country's financial services usage and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by policymakers and analysts to assess the depth and stability of the Congolese financial system, which is crucial for economic 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 analysts use this trend to evaluate the health and growth of the Congolese financial sector, which informs economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is published by the Central Bank of the Democratic Republic of the Congo, and update delays or limitations may vary depending on the availability of information from the national statistical agency.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Congo (COGFCLODCGGDPPT), retrieved from FRED.