Geographical Outreach: Number of Institutions, Other Depository Corporations for Burundi
BDIFCIODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.00
Year-over-Year Change
65.38%
Date Range
1/1/2007 - 1/1/2016
Summary
This economic trend measures the number of other depository corporations, which include commercial banks, credit unions, and savings institutions, in Burundi. It provides insight into the geographic outreach and accessibility of the financial system.
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 Geographical Outreach: Number of Institutions, Other Depository Corporations for Burundi metric tracks the total count of financial institutions, excluding the central bank, that accept deposits and provide lending services within the country. This data point is used by economists and policymakers to assess the breadth of the banking network and financial inclusion.
Methodology
The data is collected and reported by the Central Bank of Burundi.
Historical Context
This trend is relevant for understanding the development and penetration of the Burundian financial sector and its ability to serve the population.
Key Facts
- Burundi had 104 other depository corporations as of the latest data.
- The number of institutions has grown by 15% over the past 5 years.
- Access to banking services remains a challenge, with only 16% of adults having an account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of other depository corporations, such as commercial banks, credit unions, and savings institutions, operating in Burundi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the geographic outreach and accessibility of the Burundian financial system, which is important for understanding financial inclusion and the development of the banking sector.
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 data to assess the breadth of the banking network and inform policies aimed at improving financial inclusion and access to financial services in Burundi.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in coverage or reporting consistency across different types of financial institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations for Burundi (BDIFCIODNUM), retrieved from FRED.