Claims on Private Sector for Congo, Republic of
COGFDSAOPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.87
Year-over-Year Change
147.90%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Claims on Private Sector for Congo, Republic of' measures the total value of credit provided to the private sector by financial institutions in the Republic of Congo. This metric is a key indicator of the health and development of the country's 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 economic trend reflects the overall level of financing and credit available to private businesses and individuals in the Republic of Congo. It serves as an important barometer for evaluating the private sector's access to capital, which is crucial for economic growth and investment.
Methodology
The data is collected by the Central Bank of the Republic of Congo and reported to the World Bank and International Monetary Fund.
Historical Context
Policymakers use this metric to assess the effectiveness of financial sector reforms and credit expansion initiatives.
Key Facts
- The Republic of Congo's private sector credit-to-GDP ratio was 13.3% in 2020.
- Private sector credit growth averaged 7.7% annually from 2015 to 2020.
- Access to finance is a major constraint for small and medium enterprises in the country.
FAQs
Q: What does this economic trend measure?
A: The 'Claims on Private Sector for Congo, Republic of' metric measures the total value of credit provided to private businesses and individuals by financial institutions in the Republic of Congo.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the development and accessibility of the financial system in the Republic of Congo, which is crucial for private sector growth and investment.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of the Republic of Congo and reported to the World Bank and International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the effectiveness of financial sector reforms and credit expansion initiatives aimed at increasing private sector access to capital.
Q: Are there update delays or limitations?
A: There may be delays in reporting, and the data may not fully capture all sources of private sector credit in the country.
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Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Congo
COGFCSODCHGGDPPT
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Nominal Gross National Saving for Congo, Republic of
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FLCOGA052SCEN
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Congo
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Number of Identified Exporters to Congo from Arizona
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Citation
U.S. Federal Reserve, Claims on Private Sector for Congo, Republic of (COGFDSAOPGDPPT), retrieved from FRED.