Financial System Deposits to GDP for Rwanda
DDDI08RWA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.75
Year-over-Year Change
107.88%
Date Range
1/1/1964 - 1/1/2021
Summary
The Financial System Deposits to GDP for Rwanda measures the total value of deposits held by financial institutions as a percentage of the country's gross domestic product. This metric provides insights into the development and depth of Rwanda's financial 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 indicator represents the total value of deposits held in financial institutions, including banks and other deposit-taking corporations, relative to the size of Rwanda's economy. It serves as a gauge of financial intermediation and the overall role of the financial system in the national economy.
Methodology
The data is collected and calculated by the World Bank based on national accounts and financial sector statistics.
Historical Context
Policymakers and analysts use this metric to assess the level of financial inclusion and the degree of financial deepening in the Rwandan economy.
Key Facts
- Rwanda's Financial System Deposits to GDP ratio was 31.6% in 2020.
- The ratio has steadily increased from 18.1% in 2000, indicating financial sector growth.
- A higher ratio suggests greater financial intermediation and access to banking services.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Rwanda measures the total value of deposits held by financial institutions as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the development and depth of Rwanda's financial sector, serving as a gauge of financial intermediation and the overall role of the financial system in the national economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and financial sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the level of financial inclusion and the degree of financial deepening in the Rwandan economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and may be subject to revisions and availability limitations based on national reporting.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Rwanda (DDDI08RWA156NWDB), retrieved from FRED.