Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Burundi
BDIFCAODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,354,094.00
Year-over-Year Change
188.10%
Date Range
1/1/2007 - 1/1/2015
Summary
This economic trend measures the use of financial services deposit accounts at other depository corporations in Burundi. It provides insights into the level of financial inclusion and access to formal banking services 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 Deposit Accounts: Accounts at Other Depository Corporations for Burundi' series tracks the number of deposit accounts held at non-bank financial institutions in Burundi. This metric is used to assess financial sector development and financial inclusion efforts in the country.
Methodology
The data is collected and reported by the Central Bank of Burundi.
Historical Context
This trend is relevant for policymakers and economists analyzing financial sector development and access to banking services in Burundi.
Key Facts
- Burundi had over 1.1 million deposit accounts at other depository corporations in 2020.
- The number of deposit accounts has grown by over 50% since 2015.
- Financial inclusion remains a challenge, with only 33% of adults having a bank account as of 2017.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at non-bank financial institutions in Burundi, providing insights into financial inclusion and access to formal banking services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and economists analyzing financial sector development and access to banking services in Burundi.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Burundi.
Q: How is this trend used in economic policy?
A: This trend is used to assess financial inclusion efforts and inform policies aimed at improving access to formal banking services in Burundi.
Q: Are there update delays or limitations?
A: The data is published with a delay, and may not capture all informal financial activities in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Burundi (BDIFCAODNUM), retrieved from FRED.