Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Rwanda
RWAFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
925.93
Year-over-Year Change
219.72%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of deposit accounts with commercial banks per 1,000 adults in Rwanda. It provides insights into financial inclusion and access to formal banking services.
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 'Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1,000 Adults for Rwanda' series tracks the penetration of basic banking services in the Rwandan population. It is an important indicator of financial development and economic progress.
Methodology
The data is collected and reported by the World Bank as part of its Global Financial Inclusion database.
Historical Context
This trend is used by policymakers, economists, and development organizations to assess Rwanda's progress in expanding access to formal financial services.
Key Facts
- Rwanda had 479 deposit accounts per 1,000 adults in 2017.
- The number of deposit accounts has steadily increased over the past decade.
- Financial inclusion is a key priority for the Rwandan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts with commercial banks per 1,000 adults in Rwanda. It provides an indication of the level of financial inclusion and access to basic banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the progress of financial development and economic inclusion in Rwanda. It is an important indicator used by policymakers, economists, and development organizations to assess the country's financial sector and identify areas for improvement.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Global Financial Inclusion database.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and development organizations to evaluate Rwanda's progress in expanding access to formal financial services, which is a key priority for the Rwandan government.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, so there may be a delay of up to a year in the most recent figures being available.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Rwanda (RWAFCAODCANUM), retrieved from FRED.