Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for Rwanda
RWAFCLODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
210,381,000,000.00
Year-over-Year Change
539.87%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures outstanding deposits at credit unions and financial cooperatives in Rwanda, providing insights into the use of financial services and the state of the country's cooperative banking sector.
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 outstanding deposits at credit unions and financial cooperatives in Rwanda represent the total value of funds held in these institutions by individuals and businesses. This metric helps economists and policymakers understand the level of financial inclusion and the accessibility of cooperative banking services in the country.
Methodology
The data is collected through surveys and reports from credit unions and financial cooperatives operating in Rwanda.
Historical Context
This trend is useful for analyzing the financial health and stability of Rwanda's cooperative banking system, which plays a crucial role in providing services to underbanked populations.
Key Facts
- Rwanda has over 500 active credit unions and financial cooperatives.
- Cooperative banking assets account for about 20% of Rwanda's total banking sector assets.
- Outstanding deposits at credit unions and cooperatives have grown by over 10% annually in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held at credit unions and financial cooperatives in Rwanda, providing insights into the level of financial services usage in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the accessibility and health of Rwanda's cooperative banking sector, which plays a crucial role in financial inclusion and providing services to underbanked populations.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from credit unions and financial cooperatives operating in Rwanda.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the financial stability and growth of Rwanda's cooperative banking system, which is an important component of the country's overall financial sector.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting from credit unions and cooperatives, and the coverage of this trend may not include all financial institutions in Rwanda.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for Rwanda (RWAFCLODUXDC), retrieved from FRED.