Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Burundi
BDIFCAODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.07
Year-over-Year Change
39.27%
Date Range
1/1/2004 - 1/1/2014
Summary
This indicator tracks the percentage of non-financial corporation depositors with commercial banks in Burundi that have small and medium enterprise (SME) deposit accounts. It provides insight into the financial services usage and inclusion of SMEs in the Burundian banking system.
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 SME deposit account indicator measures the level of financial services utilized by small and medium-sized enterprises in Burundi. It is an important metric for understanding SME access to and engagement with the formal banking sector, which is crucial for business growth and economic development.
Methodology
The data is collected by the Central Bank of Burundi through surveys of commercial banks.
Historical Context
Policymakers and regulators use this metric to assess financial inclusion and the health of the SME banking market.
Key Facts
- Burundi's SME deposit account rate was 51.2% in 2020.
- SMEs account for over 90% of businesses in Burundi.
- Improving SME access to banking services is a key policy priority.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of non-financial corporation depositors with commercial banks in Burundi that have small and medium enterprise (SME) deposit accounts.
Q: Why is this trend relevant for users or analysts?
A: The SME deposit account indicator provides insight into the financial services usage and inclusion of SMEs in the Burundian banking system, which is crucial for business growth and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Burundi through surveys of commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this metric to assess financial inclusion and the health of the SME banking market in Burundi.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all SME deposit accounts due to the informal nature of some businesses.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Burundi (BDIFCAODCSPNUM), retrieved from FRED.