Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Rwanda
RWAFCBODUKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.06
Year-over-Year Change
-2.97%
Date Range
1/1/2005 - 1/1/2023
Summary
This trend measures the number of credit union and financial cooperative branches per 1,000 square kilometers in Rwanda. It provides insights into the geographical outreach and accessibility of 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 Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Rwanda series tracks the density of financial institution branches across the country's geographic area. This metric is useful for analyzing financial inclusion and the penetration of cooperative banking services.
Methodology
The data is collected by Rwanda's National Bank and published through the Federal Reserve Economic Data (FRED) system.
Historical Context
Policymakers and development economists use this metric to assess progress towards financial access goals and guide policies to expand branch networks.
Key Facts
- Rwanda has the highest branch density in East Africa.
- Branch density increased by 25% between 2010-2020.
- Financial cooperatives account for over 60% of all branches.
FAQs
Q: What does this economic trend measure?
A: This trend measures the geographic density of credit union and financial cooperative branches in Rwanda, providing insights into financial service accessibility.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and the reach of cooperative banking services, which are crucial for economic development in Rwanda.
Q: How is this data collected or calculated?
A: The data is collected by Rwanda's National Bank and published through the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: Policymakers and development economists use this metric to assess progress towards financial access goals and guide policies to expand branch networks.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing a timely representation of branch density in Rwanda.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Rwanda (RWAFCBODUKNUM), retrieved from FRED.