Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Rwanda
RWAFCAODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
735,945.00
Year-over-Year Change
3838.06%
Date Range
1/1/2008 - 1/1/2017
Summary
This economic trend measures the number of financial services deposit accounts held at institutions other than commercial banks in Rwanda. It provides insights into the broader use and access to financial services 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 Deposit Accounts: Accounts at Other Deposit Takers for Rwanda metric tracks the number of deposit accounts held at financial institutions besides commercial banks. This data point offers a more comprehensive view of financial inclusion and the development of the Rwandan financial sector.
Methodology
The data is collected through surveys and reporting from financial institutions in Rwanda.
Historical Context
This metric is used by policymakers and analysts to assess financial sector development and financial inclusion in the Rwandan economy.
Key Facts
- Rwanda is a developing economy in East Africa.
- Financial inclusion is a key priority for policymakers in Rwanda.
- Non-bank financial institutions play an important role in Rwanda's financial sector.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of deposit accounts held at financial institutions other than commercial banks in Rwanda, providing insights into financial inclusion and financial sector development.
Q: Why is this trend relevant for users or analysts?
A: This data point offers a more comprehensive view of financial services usage in Rwanda, which is important for assessing financial inclusion and the overall development of the Rwandan financial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial institutions in Rwanda.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate financial sector development and progress towards financial inclusion goals in the Rwandan economy.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and can be limited by the coverage and reporting practices of financial institutions in Rwanda.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Rwanda (RWAFCAODDNUM), retrieved from FRED.