Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Rwanda
RWAFCAODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,908,164.00
Year-over-Year Change
233.52%
Date Range
1/1/2008 - 1/1/2017
Summary
This economic trend measures the use of financial services deposit accounts at other depository corporations in Rwanda. It provides insights into the country's financial inclusion and access to banking services.
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 Depository Corporations for Rwanda' metric tracks the number of deposit accounts held at non-bank financial institutions in the country. This data point is used by economists and policymakers to assess financial deepening and the overall development of Rwanda's banking sector.
Methodology
The data is collected through surveys and reports from Rwanda's central bank and other financial regulatory authorities.
Historical Context
This trend is relevant for understanding Rwanda's progress towards greater financial inclusion and the expansion of banking services to underserved populations.
Key Facts
- Rwanda has seen steady growth in deposit accounts at non-bank financial institutions.
- Financial inclusion is a key priority for the Rwandan government's economic development agenda.
- Increasing access to banking services is linked to poverty reduction and economic empowerment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at other depository corporations, such as microfinance institutions and savings and credit cooperatives, in Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into financial inclusion and the development of Rwanda's banking sector, which are important factors for economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Rwanda's central bank and other financial regulatory authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor progress towards financial inclusion goals and inform policies aimed at expanding access to banking services in Rwanda.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the accuracy of the trend may be affected by the coverage and reliability of the underlying survey and regulatory data.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Rwanda (RWAFCAODNUM), retrieved from FRED.