Use of Financial Services: Number of Loan Accounts at Other Depository Corporations for Rwanda
RWAFCNODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
485,107.00
Year-over-Year Change
321.20%
Date Range
1/1/2008 - 1/1/2017
Summary
This economic trend measures the number of loan accounts at other depository corporations in Rwanda. It provides insights into the usage and access to financial services in the country.
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 number of loan accounts at other depository corporations, such as banks and credit unions, is an important indicator of financial inclusion and the overall development of the financial sector in Rwanda. This data is used by economists and policymakers to assess the availability and utilization of credit in the economy.
Methodology
The data is collected through surveys and reports from financial institutions in Rwanda.
Historical Context
This trend is relevant for analyzing financial market conditions and informing policies aimed at promoting financial access and stability.
Key Facts
- Rwanda has a population of over 12 million people.
- The number of loan accounts has grown by 25% over the past 5 years.
- Access to financial services is a key priority for the Rwandan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts at other depository corporations, such as banks and credit unions, in Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and access to credit in the Rwandan economy, which is important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial institutions in Rwanda.
Q: How is this trend used in economic policy?
A: This trend is used to analyze financial market conditions and inform policies aimed at promoting financial access and stability in Rwanda.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and can be affected by changes in the financial sector and regulatory environment.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Depository Corporations for Rwanda (RWAFCNODNUM), retrieved from FRED.