Use of Financial Services: Number of Depositors at Other Depository Corporations for Burundi
BDIFCDODPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,180,713.00
Year-over-Year Change
166.16%
Date Range
1/1/2007 - 1/1/2015
Summary
This economic trend measures the number of depositors at other depository corporations in Burundi. It provides insight into the level of financial inclusion and access to 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 number of depositors at other depository corporations, such as commercial banks, is an indicator of the use of formal financial services within an economy. This data point helps economists and policymakers understand the degree of financial inclusion and access to banking for individuals and businesses in Burundi.
Methodology
The data is collected through surveys and reports from financial institutions in Burundi.
Historical Context
This trend is used to inform financial sector development policies and monitor progress towards increasing financial inclusion.
Key Facts
- Burundi has a population of over 11 million people.
- Only 13% of adults in Burundi have a bank account.
- The number of depositors has increased by 20% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors at other depository corporations, such as commercial banks, in Burundi. It provides insight into the level of financial inclusion and access to banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: The number of depositors is an important indicator of financial inclusion and access to formal banking services, which are crucial for economic development and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial institutions in Burundi.
Q: How is this trend used in economic policy?
A: This trend is used to inform financial sector development policies and monitor progress towards increasing financial inclusion in Burundi.
Q: Are there update delays or limitations?
A: The data may have some delays in reporting, and it may not capture all informal financial services usage in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Other Depository Corporations for Burundi (BDIFCDODPENUM), retrieved from FRED.