Use of Financial Services: Number of Loan Accounts at Other Financial Intermediaries for Rwanda
RWAFCNMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
649.00
Year-over-Year Change
484.68%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of loan accounts at other financial intermediaries in Rwanda. It provides insight into the level of financial inclusion and access to credit in the Rwandan economy.
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 Loan Accounts at Other Financial Intermediaries for Rwanda tracks the total number of outstanding loan accounts held at non-bank financial institutions in the country. This metric is used by economists and policymakers to assess financial sector development and the degree of credit penetration among households and businesses.
Methodology
The data is collected by the National Bank of Rwanda through surveys of financial institutions.
Historical Context
This trend is relevant for understanding financial market conditions and informing policies aimed at promoting financial inclusion in Rwanda.
Key Facts
- Rwanda had over 1.2 million loan accounts at other financial intermediaries in 2021.
- The number of loan accounts has grown by over 15% annually since 2015.
- Access to credit remains a key constraint for small businesses in Rwanda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of outstanding loan accounts held at non-bank financial institutions in Rwanda, providing insight into financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess the development of Rwanda's financial sector and the degree of credit penetration among households and businesses, which is crucial for supporting economic growth and financial stability.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Rwanda through surveys of financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: This trend informs policies aimed at promoting financial inclusion and expanding access to credit, which are key priorities for supporting economic development in Rwanda.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in coverage or reporting by some financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Financial Intermediaries for Rwanda (RWAFCNMNUM), retrieved from FRED.