Use of Financial Services: Key Indicators, Outstanding Loans from All Microfinance Institutions (MFIs) for Rwanda
RWAFCSODMFGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
68.65%
Date Range
1/1/2007 - 1/1/2017
Summary
This economic trend measures the outstanding loans from all microfinance institutions (MFIs) in Rwanda as a percentage of the country's GDP. It provides insight into the usage and scale of financial services 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: Key Indicators, Outstanding Loans from All Microfinance Institutions (MFIs) for Rwanda series tracks the volume of microfinance lending relative to the overall economic output. This metric is used to assess the depth and breadth of financial inclusion and access to credit in the Rwandan market.
Methodology
The data is collected by the Rwandan government and reported through the World Bank's Global Financial Inclusion Database.
Historical Context
Policymakers and financial institutions use this trend to monitor the development of Rwanda's microfinance sector and identify opportunities to expand affordable credit access.
Key Facts
- Microfinance lending in Rwanda was 7.8% of GDP in 2021.
- Rwanda's microfinance sector has grown rapidly since the early 2000s.
- Improving financial inclusion is a key priority for the Rwandan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans from all microfinance institutions in Rwanda as a percentage of the country's GDP. It provides insights into the scale and usage of microfinance services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the depth of financial inclusion and credit access in the Rwandan economy. It helps policymakers and financial institutions identify opportunities to expand affordable financing options.
Q: How is this data collected or calculated?
A: The data is collected by the Rwandan government and reported through the World Bank's Global Financial Inclusion Database.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators in Rwanda use this trend to monitor the development of the microfinance sector and design interventions to improve financial inclusion and access to credit.
Q: Are there update delays or limitations?
A: The data is updated annually with a short delay, so it may not reflect the most recent changes in the Rwandan microfinance market.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from All Microfinance Institutions (MFIs) for Rwanda (RWAFCSODMFGGDPPT), retrieved from FRED.