Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Rwanda
RWAFCNODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100,501.00
Year-over-Year Change
95615.24%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Rwanda' trend measures the total number of loan accounts held at deposit-taking institutions in Rwanda, excluding commercial banks.
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 economic indicator provides insights into the level of financial inclusion and access to credit among Rwandan households and businesses, which are important factors for economic development.
Methodology
The data is collected by the National Bank of Rwanda through surveys of non-bank deposit-taking institutions.
Historical Context
Policymakers and economists use this metric to monitor the growth of alternative credit channels and assess the overall health of Rwanda's financial system.
Key Facts
- Rwanda has a population of over 13 million people.
- The number of loan accounts at non-bank deposit takers in Rwanda grew by 12% in 2021.
- Access to credit is a key driver of entrepreneurship and small business growth in Rwanda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held at deposit-taking institutions in Rwanda, excluding commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access to credit in Rwanda, which are important factors for economic development.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Rwanda through surveys of non-bank deposit-taking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor the growth of alternative credit channels and assess the overall health of Rwanda's financial system.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting from the underlying sources.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Rwanda (RWAFCNODDNUM), retrieved from FRED.