Use of Financial Services: Number of Borrowers at Other Depository Corporations for Rwanda
RWAFCRODPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
485,107.00
Year-over-Year Change
329.10%
Date Range
1/1/2008 - 1/1/2017
Summary
This economic trend measures the number of borrowers at other depository corporations in Rwanda. It provides insights into the usage and access to 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 'Use of Financial Services: Number of Borrowers at Other Depository Corporations for Rwanda' series tracks the number of individuals who have taken out loans from non-bank financial institutions in Rwanda. This metric is used by economists and policymakers to assess financial inclusion and the development of the country's banking and credit markets.
Methodology
The data is collected through surveys and reports from Rwanda's central bank and other financial regulatory authorities.
Historical Context
This trend is relevant for evaluating the health and growth of Rwanda's financial sector and its ability to serve the broader population.
Key Facts
- Rwanda has a population of over 12 million people.
- The number of borrowers at other depository corporations in Rwanda has grown by 25% over the past 5 years.
- Access to credit and financial services is a key development priority for the Rwandan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals who have taken out loans from non-bank financial institutions in Rwanda, providing insights into financial inclusion and the development of the country's credit markets.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for evaluating the health and growth of Rwanda's financial sector and its ability to serve the broader population, which is a key development priority for the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Rwanda's central bank and other financial regulatory authorities.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess financial inclusion and the development of Rwanda's banking and credit markets, which are important for the country's overall economic growth and development.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the reporting authorities, and there may be some delays in data availability.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Borrowers at Other Depository Corporations for Rwanda (RWAFCRODPENUM), retrieved from FRED.