Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Rwanda
RWAFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.40
Year-over-Year Change
1404.18%
Date Range
1/1/2004 - 1/1/2023
Summary
This indicator tracks the number of borrowers from commercial banks per 1,000 adults in Rwanda, providing insights into financial inclusion and access to credit 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 'Borrowers from Commercial Banks Per 1,000 Adults' metric measures the level of financial intermediation and the degree to which the adult population in Rwanda is able to access credit from formal banking institutions. This statistic is used by economists and policymakers to gauge financial sector development and progress towards financial inclusion objectives.
Methodology
The data is collected through surveys and reported by the World Bank.
Historical Context
This indicator is relevant for understanding Rwanda's financial market dynamics and the effectiveness of policies aimed at increasing access to credit and banking services.
Key Facts
- Rwanda has set a target of reaching 100% financial inclusion by 2024.
- The number of borrowers per 1,000 adults in Rwanda has increased from 63.6 in 2011 to 149.7 in 2020.
- Women comprise nearly half of the total borrowers from commercial banks in Rwanda.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the number of borrowers from commercial banks per 1,000 adults in Rwanda, providing insights into financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding Rwanda's financial market dynamics and the effectiveness of policies aimed at increasing access to credit and banking services.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the World Bank.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to gauge financial sector development and progress towards financial inclusion objectives in Rwanda.
Q: Are there update delays or limitations?
A: The data is reported annually, and there may be some delays in publication.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Rwanda (RWAFCRODCANUM), retrieved from FRED.