Geographical Outreach: Number of Institutions, Other Financial Corporations for Rwanda
RWAFCIOFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
137.50%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Geographical Outreach: Number of Institutions, Other Financial Corporations for Rwanda' trend measures the number of non-bank financial institutions operating in Rwanda. This data is crucial for understanding the depth and diversity 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
This series tracks the total number of other financial corporations (excluding banks) that have a physical presence in Rwanda. It provides insight into the breadth of financial services available to Rwandan businesses and consumers beyond traditional banking.
Methodology
The data is collected by the National Bank of Rwanda through surveys of financial institutions.
Historical Context
This metric is used by policymakers and analysts to evaluate financial inclusion and assess the development of Rwanda's non-bank financial ecosystem.
Key Facts
- Rwanda had 251 other financial institutions in 2020.
- The number of non-bank financial corporations in Rwanda has grown by 25% since 2015.
- Microfinance institutions make up the largest share of Rwanda's other financial corporations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-bank financial institutions, such as microfinance providers, insurance companies, and investment firms, that have a physical presence in Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and diversity of Rwanda's financial sector beyond traditional banking, which is important for understanding financial inclusion and the development of the country's overall financial ecosystem.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Rwanda through surveys of financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate financial inclusion efforts and assess the growth and evolution of Rwanda's non-bank financial services providers.
Q: Are there update delays or limitations?
A: The data is published annually by the National Bank of Rwanda, so there may be a delay of up to 12 months between the end of the reporting period and the public release of the information.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations for Rwanda (RWAFCIOFNUM), retrieved from FRED.