Use of Financial Services: Number of Depositors at Insurance Corporations for Burundi
BDIFCDOFIPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.00
Year-over-Year Change
157.14%
Date Range
1/1/2015 - 1/1/2022
Summary
This economic trend measures the number of depositors at insurance corporations in Burundi. It provides insights into the level of financial inclusion and the use of formal financial 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 insurance corporations is an indicator of the public's engagement with the formal financial system in Burundi. It reflects the extent to which individuals and businesses are utilizing insurance products and services offered by the country's insurance industry.
Methodology
The data is collected through surveys and reporting by insurance companies operating in Burundi.
Historical Context
This trend is relevant for policymakers and financial sector analysts assessing financial inclusion and the development of Burundi's insurance market.
Key Facts
- Burundi has a population of over 11 million people.
- The insurance industry in Burundi is still developing.
- Financial inclusion is a key development priority in Burundi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors at insurance corporations in Burundi, providing insights into the level of financial inclusion and utilization of formal insurance services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and financial sector analysts in Burundi and the surrounding region, as it helps assess the development of the insurance market and progress towards improving financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting by insurance companies operating in Burundi.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to monitor the growth of the insurance industry and evaluate the effectiveness of financial inclusion initiatives in Burundi.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in coverage, as the insurance industry in Burundi is still developing.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Insurance Corporations for Burundi (BDIFCDOFIPENUM), retrieved from FRED.