Use of Financial Services Borrowers: Persons Borrowing from Other Other Financial Intermediaries for Rwanda
RWAFCRFOPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
612.00
Year-over-Year Change
451.35%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of persons borrowing from other financial intermediaries in Rwanda. It provides insights into financial inclusion and access to credit in the Rwandan economy.
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 Borrowers: Persons Borrowing from Other Other Financial Intermediaries for Rwanda' series tracks the number of individuals who have obtained loans from non-bank financial institutions in Rwanda. This metric is used to assess financial access and the development of the broader financial sector.
Methodology
The data is collected through national household and business surveys conducted by the Rwandan National Institute of Statistics.
Historical Context
This trend is relevant for policymakers and economists analyzing financial inclusion and credit market dynamics in Rwanda.
Key Facts
- Rwanda has seen steady growth in financial inclusion in recent years.
- Non-bank financial institutions play a significant role in providing credit access.
- Improving financial inclusion is a key policy priority for the Rwandan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals in Rwanda who have obtained loans from non-bank financial institutions, such as microfinance providers and savings and credit cooperatives.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial inclusion and access to credit in the Rwandan economy, which are key indicators of economic development and financial sector progress.
Q: How is this data collected or calculated?
A: The data is collected through national household and business surveys conducted by the Rwandan National Institute of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor financial inclusion and inform policies aimed at expanding access to credit and other financial services in Rwanda.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in survey coverage, which should be considered when interpreting the trend.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Other Other Financial Intermediaries for Rwanda (RWAFCRFOPENUM), retrieved from FRED.