Use of Financial Services Deposit Accounts: Accounts at Other Financial Intermediaries for Rwanda
RWAFCAOFMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2011 - 1/1/2017
Summary
This economic trend measures the use of financial services deposit accounts held at non-bank financial intermediaries in Rwanda. It provides insights into the accessibility and adoption of formal financial services 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 Use of Financial Services Deposit Accounts: Accounts at Other Financial Intermediaries for Rwanda metric tracks the number of deposit accounts held at financial institutions other than commercial banks, such as microfinance institutions and savings and credit cooperatives. This data point is a key indicator of financial inclusion and the penetration of formal financial services in the Rwandan economy.
Methodology
The data is collected through surveys and reporting from financial institutions in Rwanda.
Historical Context
This trend is used by policymakers, development organizations, and economists to assess progress in expanding access to financial services and promoting financial inclusion in Rwanda.
Key Facts
- Rwanda has seen a steady increase in the number of deposit accounts held at non-bank financial institutions since 2010.
- Access to formal financial services remains a challenge, especially in rural areas of Rwanda.
- Expanding financial inclusion is a key priority for the Rwandan government and development partners.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at financial institutions other than commercial banks in Rwanda, such as microfinance institutions and savings and credit cooperatives.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the accessibility and adoption of formal financial services in Rwanda, which is a key indicator of financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial institutions in Rwanda.
Q: How is this trend used in economic policy?
A: Policymakers, development organizations, and economists use this trend to assess progress in expanding access to financial services and promoting financial inclusion in Rwanda.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays and limitations in capturing all non-bank financial institutions in Rwanda.
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Value of Exports to Rwanda from Missouri
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Financial Intermediaries for Rwanda (RWAFCAOFMNUM), retrieved from FRED.