Use of Financial Services: Number of Depositors at Commercial Banks for Burundi
BDIFCDODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79,195.00
Year-over-Year Change
4.91%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the number of depositors at commercial banks in Burundi, providing insights into the country's financial services usage and access.
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: Number of Depositors at Commercial Banks for Burundi' metric tracks the total number of deposit account holders at commercial banks in the country. This data point is valuable for analyzing financial inclusion and the development of the Burundian banking sector.
Methodology
The data is collected and reported by the Central Bank of Burundi.
Historical Context
This trend is used by economists and policymakers to monitor financial access and assess the effectiveness of initiatives aimed at increasing banking penetration.
Key Facts
- Burundi has a population of over 11 million people.
- The number of depositors at Burundian commercial banks has steadily increased in recent years.
- Access to formal financial services remains a challenge for many Burundians.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit account holders at commercial banks in Burundi, providing insights into the level of financial services usage in the country.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding financial inclusion and the development of Burundi's banking sector, which are important factors for economic growth and poverty reduction.
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: Policymakers and economists use this trend to monitor financial access and assess the effectiveness of initiatives aimed at increasing banking penetration in Burundi.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the Central Bank of Burundi.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Commercial Banks for Burundi (BDIFCDODCPENUM), retrieved from FRED.