Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Rwanda
DDDI12RWA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.24
Year-over-Year Change
130.17%
Date Range
1/1/1964 - 1/1/2021
Summary
This economic trend measures the ratio of private credit provided by deposit money banks and other financial institutions to Rwanda's gross domestic product (GDP). It is an important indicator of financial development and access to credit in the Rwandan economy.
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 private credit to GDP ratio represents the size of the formal financial sector relative to the overall economy. It is used by economists and policymakers to assess the depth and efficiency of a country's financial system and its ability to channel funds to the private sector.
Methodology
This data is collected and reported annually by the World Bank.
Historical Context
Trends in private credit to GDP are closely monitored by financial regulators and international institutions to gauge economic and financial stability.
Key Facts
- Rwanda's private credit to GDP ratio was 25.6% in 2020.
- The ratio has increased from 13.4% in 2000, indicating growing financial depth.
- Access to credit is an important driver of private investment and economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit provided by deposit money banks and other financial institutions to Rwanda's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is an important indicator of financial development and access to credit in the Rwandan economy, which is crucial for private investment and economic growth.
Q: How is this data collected or calculated?
A: This data is collected and reported annually by the World Bank.
Q: How is this trend used in economic policy?
A: Trends in private credit to GDP are closely monitored by financial regulators and international institutions to gauge economic and financial stability in Rwanda.
Q: Are there update delays or limitations?
A: This data is reported annually, so there may be a delay of up to a year in the most recent figures.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Rwanda (DDDI12RWA156NWDB), retrieved from FRED.