Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Rwanda
RWAFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.82
Year-over-Year Change
67.44%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks in Rwanda as a percentage of the country's gross domestic product (GDP). It provides insight into the level of financial intermediation 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, as represented by outstanding loans from commercial banks, is a key indicator of economic development and financial inclusion. This metric tracks the availability and utilization of credit, which is crucial for investment, consumption, and overall economic growth.
Methodology
The data is collected and calculated by the National Bank of Rwanda.
Historical Context
Policymakers and analysts use this trend to assess the depth and breadth of the Rwandan financial system and its ability to support the country's economic objectives.
Key Facts
- Rwanda's outstanding commercial bank loans were 24.5% of GDP in 2020.
- The trend has increased from 18.7% in 2010, indicating growing financial intermediation.
- Increasing access to credit is a key priority for Rwanda's economic transformation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks in Rwanda as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The use of financial services, as represented by outstanding loans from commercial banks, is a key indicator of economic development and financial inclusion in Rwanda.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the National Bank of Rwanda.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the depth and breadth of the Rwandan financial system and its ability to support the country's economic objectives.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the National Bank of Rwanda.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Rwanda (RWAFCSODCGGDPPT), retrieved from FRED.