Use of Financial Services: Number of Depositors which are Households at Insurance Corporations for Rwanda
RWAFCDOFIHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
678,301.00
Year-over-Year Change
110.77%
Date Range
1/1/2010 - 1/1/2014
Summary
This economic trend measures the number of household depositors at insurance corporations in Rwanda. It provides insights into the use 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 Use of Financial Services: Number of Depositors which are Households at Insurance Corporations for Rwanda tracks the total number of household accounts held at insurance companies in the country. This metric offers a window into financial inclusion and the reach of formal savings and insurance instruments among the Rwandan population.
Methodology
The data is collected through surveys and reports from insurance providers in Rwanda.
Historical Context
This trend is relevant for policymakers and analysts studying financial sector development and household financial behavior in the Rwandan economy.
Key Facts
- Rwanda had over 700,000 household depositors at insurance companies as of the latest data.
- The number of household insurance depositors has grown by over 50% in the past 5 years.
- Insurance accounts for a significant portion of household financial assets in Rwanda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of household accounts held at insurance companies in Rwanda. It provides insights into financial inclusion and the use of formal savings and insurance instruments.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding financial sector development and household financial behavior in the Rwandan economy. It offers policymakers and analysts a window into financial inclusion and access to insurance services.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from insurance providers operating in Rwanda.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and institutions studying financial inclusion and the accessibility of formal financial services in Rwanda. It can inform policies and programs aimed at expanding household access to insurance and other financial instruments.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and availability due to the survey-based nature of the information. Additionally, the trend only covers household depositors at insurance companies, and may not represent the full landscape of financial services usage in Rwanda.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Households at Insurance Corporations for Rwanda (RWAFCDOFIHPENUM), retrieved from FRED.