Use of Financial Services Borrowers: Persons Borrowing from Other Deposit Takers for Rwanda
RWAFCRODDPENUM • 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
This economic trend measures the number of persons borrowing from other deposit-taking institutions in Rwanda. It provides insight into the usage of financial services and the level of financial inclusion 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 'Use of Financial Services Borrowers: Persons Borrowing from Other Deposit Takers for Rwanda' metric tracks the number of individuals who have taken out loans from non-bank financial institutions in Rwanda. This data point is used by economists and policymakers to assess the level of financial inclusion and access to credit in the Rwandan economy.
Methodology
The data is collected through surveys and reported by the National Bank of Rwanda.
Historical Context
This trend is relevant for understanding financial market development and assessing the effectiveness of policies aimed at promoting financial inclusion in Rwanda.
Key Facts
- Rwanda has a population of over 12 million people.
- The percentage of adults with a bank account in Rwanda was 57% in 2020.
- The World Bank's Universal Financial Access 2020 initiative aims to ensure access to a transaction account for all.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of persons in Rwanda who are borrowing from deposit-taking institutions other than banks, such as microfinance institutions and savings and credit cooperatives.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for assessing the level of financial inclusion and access to credit in the Rwandan economy, which is a key factor in economic development and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the National Bank of Rwanda.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the effectiveness of policies aimed at promoting financial inclusion and increasing access to credit in Rwanda.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be some limitations in the coverage or accuracy of the surveys used to collect the information.
Related Trends
Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Rwanda
RWAFCLODXDC
Number of Bank Branches for Rwanda
DDAI02RWA643NWDB
Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Rwanda
RWAFCBODUANUM
Bank Non-Performing Loans to Gross Loans for Rwanda
DDSI02RWA156NWDB
Value of Exports to Rwanda from New Jersey
NJRWAA052SCEN
Nominal Gross Capital Formation for Rwanda
RWANIGDPPT
Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Other Deposit Takers for Rwanda (RWAFCRODDPENUM), retrieved from FRED.