Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Rwanda
RWAFCNODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.67
Year-over-Year Change
858.84%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of loan accounts with commercial banks per 1,000 adults in Rwanda, providing insights into financial inclusion and access to credit.
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: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Rwanda' metric tracks the level of financial intermediation and banking penetration in the Rwandan economy. It is an important indicator of financial development and access to formal credit sources.
Methodology
The data is collected from reports and surveys by the Rwandan central bank and other regulatory authorities.
Historical Context
This trend is closely monitored by policymakers, development institutions, and market analysts to assess progress in expanding financial inclusion and promoting economic growth.
Key Facts
- Rwanda has made significant strides in expanding financial inclusion in recent years.
- Access to formal credit remains a challenge for many Rwandan adults.
- Increasing the number of loan accounts is a key policy priority for the Rwandan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts with commercial banks per 1,000 adults in Rwanda, providing insights into financial inclusion and access to credit.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial development and access to formal credit sources, which are crucial for promoting economic growth and reducing poverty in Rwanda.
Q: How is this data collected or calculated?
A: The data is collected from reports and surveys by the Rwandan central bank and other regulatory authorities.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, development institutions, and market analysts to assess progress in expanding financial inclusion and promoting economic growth in Rwanda.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and limitations in data collection, particularly in developing economies like Rwanda.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Rwanda (RWAFCNODCANUM), retrieved from FRED.