People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Rwanda
DDAI07RWA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.09
Year-over-Year Change
-3.75%
Date Range
1/1/2011 - 1/1/2017
Summary
This trend measures the percentage of people aged 15 and older in Rwanda who borrowed from a financial institution in the past year. It provides insights 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
The 'People 15 Years and Over Borrowing from a Financial Institution in the Past Year' metric tracks the usage of formal financial services among adults in Rwanda. It is an important indicator of financial development and economic well-being.
Methodology
This data is collected through household surveys conducted by the World Bank.
Historical Context
Policymakers and economists use this trend to assess progress on financial inclusion and identify areas for improvement.
Key Facts
- Rwanda's borrowing rate from financial institutions was 38.8% in 2017.
- Borrowing rates are higher among men than women in Rwanda.
- Access to credit has been a key focus for Rwanda's economic development plans.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and older in Rwanda who borrowed from a financial institution, such as a bank or microfinance provider, in the past year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and access to credit, which are important indicators of economic development and financial health in Rwanda.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess progress on financial inclusion and identify areas for improvement in Rwanda's financial sector development.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, but there may be delays in the availability of the most recent figures.
Related Trends
Gross Debt Position of the General Government for Rwanda
RWAGGXWDGG01GDPPT
Use of Financial Services: Key Indicators, Borrowers from Credit Unions and Financial Cooperatives Per 1000 Adults for Rwanda
RWAFCRODUANUM
Number of Identified Exporters to Rwanda from Pennsylvania
PARWAA475SCEN
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Rwanda
RWAFCBODDNUM
Broad Money for Rwanda
RWAFMBPCPPPT
Real GDP Per Capita for Rwanda
RWANGDPRPCPCPPPT
Citation
U.S. Federal Reserve, People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Rwanda (DDAI07RWA156NWDB), retrieved from FRED.