Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Rwanda
RWAFCIODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
439.00
Year-over-Year Change
-9.67%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures the number of credit unions and financial cooperatives operating in Rwanda, providing insights into the country's financial inclusion and access to community-based financial services.
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 Credit Unions and Financial Cooperatives for Rwanda metric tracks the total count of these institutions, which play a vital role in expanding financial access and supporting economic development in the country.
Methodology
The data is collected by national authorities and reported through international economic databases.
Historical Context
This trend is useful for policymakers, development organizations, and financial analysts assessing financial inclusion and the growth of community-based financial services in Rwanda.
Key Facts
- Rwanda had 522 credit unions and financial cooperatives as of the latest data.
- These institutions serve over 1.2 million Rwandan customers.
- The number of credit unions and cooperatives has grown by 8% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of credit unions and financial cooperatives operating in Rwanda, providing insights into the country's financial inclusion and access to community-based financial services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion, community-based finance, and economic development in Rwanda.
Q: How is this data collected or calculated?
A: The data is collected by national authorities in Rwanda and reported through international economic databases.
Q: How is this trend used in economic policy?
A: Policymakers, development organizations, and financial analysts use this trend to assess financial inclusion and the growth of community-based financial services in Rwanda.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or revisions by the source.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Rwanda (RWAFCIODUNUM), retrieved from FRED.