Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Rwanda
RWAFCDODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
526,104.00
Year-over-Year Change
2715.20%
Date Range
1/1/2008 - 1/1/2014
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are depositors at other deposit-taking institutions in Rwanda. It provides insights into the financial inclusion and access to banking services for SMEs, which are crucial for economic development.
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: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Rwanda' series tracks the number of SME depositors at non-bank financial institutions in Rwanda. This metric is used by policymakers and economists to assess the level of financial inclusion and access to banking services for small businesses, which are vital for economic growth and job creation.
Methodology
The data is collected through surveys and reports from the National Bank of Rwanda and other financial regulators.
Historical Context
This trend is relevant for understanding the broader financial landscape and development in Rwanda, as well as informing policies aimed at improving SME access to financial services.
Key Facts
- Rwanda has a population of over 12 million people.
- SMEs account for over 98% of businesses in Rwanda.
- Improving 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 small and medium enterprises (SMEs) that are depositors at other deposit-taking institutions in Rwanda, excluding commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and access to banking services for SMEs in Rwanda, which are crucial for economic development and job creation.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from the National Bank of Rwanda and other financial regulators.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to inform policies and initiatives aimed at improving SME access to financial services and promoting financial inclusion in Rwanda.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and publication by the National Bank of Rwanda and other sources.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Rwanda (RWAFCDODDSPENUM), retrieved from FRED.