Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Rwanda
RWAFCIODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
111.11%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures the number of financial institutions, including other depository corporations and deposit-taking microfinance institutions (MFIs), in Rwanda. It provides insights into the geographical outreach and accessibility of the country's financial services sector.
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: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Rwanda metric tracks the total number of financial institutions that offer banking and microfinance services across the country. This data is used by policymakers and analysts to assess financial inclusion and the overall development of Rwanda's financial infrastructure.
Methodology
The data is collected by the National Bank of Rwanda through surveys and regulatory reporting from financial institutions.
Historical Context
This trend is relevant for understanding financial sector development and access to banking services in Rwanda.
Key Facts
- Rwanda has over 400 financial institutions.
- Deposit-taking MFIs account for a significant portion of the financial sector.
- Financial outreach has improved in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, including other depository corporations and deposit-taking microfinance institutions (MFIs), operating in Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the geographical outreach and accessibility of Rwanda's financial services sector, which is important for assessing financial inclusion and the overall development of the country's financial infrastructure.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Rwanda through surveys and regulatory reporting from financial institutions.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to understand the state of financial sector development and access to banking services in Rwanda.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delays in reporting due to the collection process from various financial institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Rwanda (RWAFCIODMFNUM), retrieved from FRED.