Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Rwanda
RWAFCIOFMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
200.00%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of other financial corporations, including other financial intermediaries, operating in Rwanda. It provides insights into the depth and diversification of Rwanda's financial 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 Financial Corporations, Other Financial Intermediaries for Rwanda tracks the total count of various financial entities beyond traditional banks, such as insurance companies, pension funds, and investment firms. This data is used by economists and policymakers to assess the breadth and maturity of Rwanda's financial ecosystem.
Methodology
The data is collected through surveys and reports from Rwanda's central bank and financial regulatory authorities.
Historical Context
This trend is relevant for understanding the development of Rwanda's non-banking financial services and its broader economic progress.
Key Facts
- Rwanda had 222 other financial corporations in 2020.
- The number of other financial intermediaries in Rwanda increased by 8% from 2019 to 2020.
- Rwanda's financial sector has grown rapidly in recent years as part of the country's economic diversification efforts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of other financial corporations and intermediaries operating in Rwanda, beyond traditional banking institutions.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the depth and diversification of Rwanda's financial sector, which is an important indicator of economic development and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Rwanda's central bank and financial regulatory authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the progress of Rwanda's efforts to develop a robust non-banking financial services industry and promote overall financial sector growth.
Q: Are there update delays or limitations?
A: The data is reported annually, and there may be some delays in publication due to the time required for data collection and reporting.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Rwanda (RWAFCIOFMNUM), retrieved from FRED.