Percentage of Foreign Banks Among Total Banks for Congo
DDOI13CGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.00
Year-over-Year Change
43.33%
Date Range
1/1/1995 - 1/1/2009
Summary
The 'Percentage of Foreign Banks Among Total Banks for Congo' measures the share of banks in Congo that are owned or controlled by foreign entities. This metric is important for understanding the degree of foreign participation in the Congolese banking sector.
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 represents the proportion of banks in Congo that have majority foreign ownership or control. It provides insight into the level of foreign investment and influence in the country's financial system, which can have implications for economic policy, financial stability, and credit access.
Methodology
The data is collected by the World Bank from national sources and regulatory authorities.
Historical Context
Policymakers and analysts use this metric to assess the openness and competitiveness of Congo's banking industry.
Key Facts
- The percentage of foreign banks in Congo was 60.7% in 2019.
- Foreign bank presence in Congo has increased since the early 2000s.
- The level of foreign bank ownership varies significantly across African countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of banks in Congo that are owned or controlled by foreign entities, providing insight into the degree of foreign participation in the Congolese banking sector.
Q: Why is this trend relevant for users or analysts?
A: The percentage of foreign banks is relevant for understanding the openness and competitiveness of Congo's banking industry, which can have implications for financial stability, credit access, and economic policy.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national sources and regulatory authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the level of foreign investment and influence in Congo's financial system, which can inform policies related to financial regulation, market competition, and economic development.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting from national sources, and the level of foreign bank ownership can fluctuate over time due to mergers, acquisitions, and changes in ownership structures.
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Citation
U.S. Federal Reserve, Percentage of Foreign Banks Among Total Banks for Congo (DDOI13CGA156NWDB), retrieved from FRED.