Use of Financial Services: Number of Deposit Accounts at Other Other Financial Intermediaries for Rwanda
RWAFCAOFMONUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2011 - 1/1/2017
Summary
This economic trend measures the number of deposit accounts held at other financial intermediaries in Rwanda. It provides insights into the use and access to financial services 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: Number of Deposit Accounts at Other Other Financial Intermediaries for Rwanda' series tracks the total number of deposit accounts maintained at non-bank financial institutions in Rwanda. This metric is used to assess financial inclusion and the depth of the country's financial sector.
Methodology
The data is collected and reported by the National Bank of Rwanda.
Historical Context
This trend is relevant for policymakers and analysts examining financial development and access to banking services in Rwanda.
Key Facts
- Rwanda had over 2.5 million deposit accounts at other financial intermediaries as of the latest data.
- The number of deposit accounts has grown steadily over the past decade, indicating improving financial access.
- Rwanda aims to achieve 100% financial inclusion by 2024 as part of its economic development strategy.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of deposit accounts held at non-bank financial institutions in Rwanda, providing insights into financial inclusion and access to banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the depth and development of Rwanda's financial sector, as well as progress towards the country's financial inclusion goals.
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: Policymakers and analysts use this trend to monitor financial sector development and access to banking services, which are key priorities for Rwanda's economic growth and poverty reduction strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the National Bank of Rwanda, but there may be occasional delays in reporting or updates.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Deposit Accounts at Other Other Financial Intermediaries for Rwanda (RWAFCAOFMONUM), retrieved from FRED.