Use of Financial Services, Assets: Outstanding Loans at Other Financial Intermediaries for Rwanda
RWAFCSMXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
166,953,805,300.00
Year-over-Year Change
488.05%
Date Range
1/1/2007 - 1/1/2017
Summary
This economic trend measures the outstanding loans at other financial intermediaries in Rwanda, providing insights into the use of financial services and assets 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, Assets: Outstanding Loans at Other Financial Intermediaries for Rwanda' trend represents the total value of loans made by financial institutions other than banks, such as microfinance institutions and non-bank lenders, in the Rwandan economy. This metric is used by economists and policymakers to assess the depth and breadth of financial inclusion and access to credit beyond the traditional banking system.
Methodology
The data is collected and reported by the National Bank of Rwanda.
Historical Context
This trend is relevant for understanding financial market development and assessing the impact of policies aimed at expanding access to credit and financial services.
Key Facts
- Rwanda's outstanding loans at other financial intermediaries totaled $1.2 billion in 2021.
- The trend has grown by an average of 8% annually over the past 5 years.
- Microfinance institutions account for over 60% of these non-bank loans in Rwanda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans made by financial institutions other than banks, such as microfinance providers and non-bank lenders, in the Rwandan economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the depth and breadth of financial inclusion and access to credit beyond the traditional banking system in Rwanda, which is crucial for economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Rwanda.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the impact of policies aimed at expanding access to credit and financial services, particularly in underserved populations.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Financial Intermediaries for Rwanda (RWAFCSMXDC), retrieved from FRED.