Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Rwanda
RWAFCIODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of other deposit-taking institutions in Rwanda, providing insights into the geographical reach and access to financial services 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 Institutions, Other Depository Corporations, Other Deposit Takers for Rwanda tracks the total count of non-bank financial institutions, such as credit unions and microfinance providers, that accept deposits from the public. This metric is used to assess financial inclusion and the breadth of the banking system.
Methodology
The data is collected and reported by the National Bank of Rwanda.
Historical Context
Policymakers and analysts use this metric to evaluate progress towards expanding access to formal financial services nationwide.
Key Facts
- Rwanda had 490 other deposit-taking institutions in 2021.
- The number of institutions has grown by 23% over the past 5 years.
- Improving financial access is a key development priority for Rwanda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-bank financial institutions in Rwanda that accept deposits from the public, such as credit unions and microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographical reach and accessibility of financial services across Rwanda, which is an important indicator of financial inclusion and development.
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 metric to evaluate progress towards expanding access to formal financial services nationwide, which is a key development priority for Rwanda.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may not capture all informal deposit-taking institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Rwanda (RWAFCIODDNUM), retrieved from FRED.