Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Burundi
BDIFCAODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
280,697.00
Year-over-Year Change
268.42%
Date Range
1/1/2004 - 1/1/2016
Summary
This economic trend measures the number of financial services deposit accounts held at institutions other than banks in Burundi. It provides insights into the use of non-bank financial services in the country's developing 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 Deposit Accounts: Accounts at Other Deposit Takers for Burundi metric tracks the volume of deposit accounts held at non-bank financial institutions like microfinance organizations. This data point is useful for evaluating financial inclusion and the growth of alternative banking services in Burundi.
Methodology
The data is collected through surveys of financial service providers in Burundi.
Historical Context
Policymakers and economists use this metric to assess financial sector development and access to banking services.
Key Facts
- Burundi has a low overall rate of financial inclusion.
- Alternative deposit-taking institutions play a key role in Burundi's financial sector.
- Growth in non-bank deposit accounts can signal expanding access to financial services.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of deposit accounts held at non-bank financial institutions in Burundi, providing insights into the use of alternative banking services.
Q: Why is this trend relevant for users or analysts?
A: This data point is useful for evaluating financial inclusion and the development of the financial sector in Burundi's emerging economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial service providers in Burundi.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess access to banking and financial services in Burundi.
Q: Are there update delays or limitations?
A: The data may have delays in reporting and may not capture all non-bank financial institutions in Burundi.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Burundi (BDIFCAODDNUM), retrieved from FRED.