Liquid Liabilities (Broad Money) for Rwanda
DDOI07RWA648NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,319.45
Year-over-Year Change
182.41%
Date Range
1/1/1964 - 1/1/2021
Summary
The 'Liquid Liabilities (Broad Money) for Rwanda' measures the total value of the Rwandan economy's liquid monetary assets. It is a key indicator of financial depth and development.
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
Liquid liabilities, or broad money, represent the total value of a country's liquid monetary assets, including currency, deposits, and other easily convertible financial instruments. This metric provides insight into the overall size and liquidity of a nation's financial system.
Methodology
The data is collected and reported by the World Bank as part of its World Development Indicators database.
Historical Context
Economists and policymakers use this metric to assess the level of financial intermediation and the breadth of a country's monetary and banking sectors.
Key Facts
- Rwanda's liquid liabilities were $3.8 billion in 2020.
- Liquid liabilities have grown by over 250% in Rwanda since 2000.
- Rwanda's liquid liabilities are equivalent to around 31% of its GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Liquid Liabilities (Broad Money) for Rwanda' metric measures the total value of liquid monetary assets in the Rwandan economy, including currency, deposits, and other easily convertible financial instruments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall size, liquidity, and depth of Rwanda's financial system, which is crucial for understanding the country's economic and financial development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its World Development Indicators database.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the level of financial intermediation and the breadth of Rwanda's monetary and banking sectors, which informs decisions on monetary and financial policies.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Liquid Liabilities (Broad Money) for Rwanda (DDOI07RWA648NWDB), retrieved from FRED.