Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Rwanda
RWAFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.78
Year-over-Year Change
-9.22%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of commercial bank branches per 1,000 square kilometers in Rwanda, providing insights into the geographic spread and accessibility of 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 Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Rwanda metric tracks the density of bank branch infrastructure, which is a key indicator of financial inclusion and the ability of the population to access banking services.
Methodology
The data is collected by the National Bank of Rwanda and published through the FRED economic database.
Historical Context
This metric is used by policymakers, economists, and financial analysts to assess Rwanda's progress in expanding financial access and promoting economic development.
Key Facts
- Rwanda had 2.29 commercial bank branches per 1,000 sq km in 2021.
- The number of bank branches per 1,000 sq km has increased by 47% since 2010.
- Expanding financial access is a key priority for the Rwandan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in Rwanda, providing insights into the geographic spread and accessibility of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding financial inclusion and the ability of the Rwandan population to access banking services, which is a key driver of economic development.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Rwanda and published through the FRED economic database.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this metric to assess Rwanda's progress in expanding financial access and promoting economic development.
Q: Are there update delays or limitations?
A: The data is published with a relatively short delay, and the metric provides a comprehensive view of the geographic spread of commercial bank branches in Rwanda.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Rwanda (RWAFCBODCKNUM), retrieved from FRED.