Use of Financial Services Deposit Accounts: Accounts at Other Financial Intermediaries for Burundi
BDIFCAOFMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,809.00
Year-over-Year Change
28130.36%
Date Range
1/1/2007 - 1/1/2016
Summary
This economic trend measures the use of financial services deposit accounts at other financial intermediaries in Burundi. It provides insights into the level of financial inclusion and access to banking services within 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 Financial Intermediaries for Burundi metric tracks the number of deposit accounts held at non-bank financial institutions in the country. This data point is used by economists and policymakers to assess the degree of financial sector development and the population's access to diverse financial services.
Methodology
The data is collected through surveys and reports from financial institutions and regulatory authorities in Burundi.
Historical Context
This trend is relevant for analyzing financial inclusion policies and the growth of the non-banking financial sector in Burundi.
Key Facts
- Burundi has a low rate of financial inclusion compared to other African countries.
- Access to banking services is a key challenge for rural and low-income populations in Burundi.
- The government of Burundi has initiatives to promote financial inclusion and expand access to formal financial services.
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 diverse banking services.
Q: Why is this trend relevant for users or analysts?
A: This data is important for economists and policymakers to assess the development of Burundi's financial sector and identify areas for improving financial inclusion and access to formal banking services.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial institutions and regulatory authorities in Burundi.
Q: How is this trend used in economic policy?
A: This trend is used to analyze financial inclusion policies and the growth of the non-banking financial sector in Burundi, which is crucial for economic development and poverty reduction.
Q: Are there update delays or limitations?
A: The data may have occasional delays in reporting and may not capture all informal financial activities in Burundi.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Financial Intermediaries for Burundi (BDIFCAOFMNUM), retrieved from FRED.