Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Rwanda
RWAFCBODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
574.00
Year-over-Year Change
2.87%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures the geographical outreach of credit unions and financial cooperatives in Rwanda, excluding their headquarters. It provides insights into the accessibility and penetration of these financial institutions across 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: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Rwanda metric tracks the total number of branch locations operated by these organizations, outside of their main office or headquarters. This data point is important for understanding the financial service coverage and distribution network within Rwanda.
Methodology
The data is collected by national authorities through surveys and administrative records of credit unions and financial cooperatives.
Historical Context
This trend is relevant for policymakers, financial regulators, and analysts evaluating the financial inclusion and accessibility in the Rwandan economy.
Key Facts
- Rwanda had 495 credit union and cooperative branches in 2021.
- Branch numbers have grown by 8% annually since 2016.
- Over 40% of Rwandan adults are members of a credit union or cooperative.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of branch locations operated by credit unions and financial cooperatives in Rwanda, excluding their headquarters.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the geographical coverage and accessibility of these financial institutions, which is crucial for evaluating financial inclusion and penetration in the Rwandan economy.
Q: How is this data collected or calculated?
A: The data is collected by national authorities through surveys and administrative records of credit unions and financial cooperatives.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to assess financial service availability and guide policies aimed at improving financial inclusion and access in Rwanda.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all branch locations due to reporting challenges.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Rwanda (RWAFCBODUNUM), retrieved from FRED.