Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Rwanda
RWAFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,914,359,000,000.00
Year-over-Year Change
562.56%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at commercial banks in Rwanda, providing insights into the level of financial services usage and access to credit 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, Assets: Outstanding Loans at Commercial Banks for Rwanda tracks the total value of loans extended by commercial banks operating in Rwanda. This metric is a key indicator of financial intermediation and the depth of the Rwandan banking sector.
Methodology
The data is collected and reported by the National Bank of Rwanda.
Historical Context
This trend is closely monitored by policymakers, economists, and financial institutions to assess the availability of credit and the overall development of Rwanda's financial system.
Key Facts
- Rwanda's commercial bank loans outstanding reached a record high in 2021.
- The Rwandan banking sector has experienced steady growth in recent years.
- Access to credit is a key driver of economic development in Rwanda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans extended by commercial banks operating in Rwanda, providing insights into the level of financial services usage and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a crucial indicator of the depth and development of Rwanda's financial system, which is closely monitored by policymakers, economists, and financial institutions to assess the availability of credit and support economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Rwanda, the central banking authority in the country.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this trend to evaluate the effectiveness of policies aimed at promoting financial inclusion and expanding access to credit, which are key drivers of economic development in Rwanda.
Q: Are there update delays or limitations?
A: The data is typically reported with a short delay, and the availability and quality of the information may be subject to the reporting practices of the National Bank of Rwanda.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Rwanda (RWAFCSODCXDC), retrieved from FRED.