Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Burundi
BDIFCIODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.00
Year-over-Year Change
340.00%
Date Range
1/1/2007 - 1/1/2022
Summary
This economic trend measures the number of credit unions and financial cooperatives operating in Burundi, providing insights into the country's financial inclusion and access to financial services.
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 Credit Unions and Financial Cooperatives for Burundi metric tracks the total number of these institutions functioning in the country, serving as an indicator of the breadth of financial services available to the population.
Methodology
The data is collected and reported by the Burundi Central Bank.
Historical Context
This trend is relevant for policymakers and financial analysts assessing Burundi's financial sector development and progress towards financial inclusion goals.
Key Facts
- Burundi has over 600 registered credit unions and financial cooperatives.
- These institutions serve over 1 million members nationwide.
- Credit unions account for 25% of total financial assets in Burundi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of credit unions and financial cooperatives operating in Burundi, providing insights into the country's financial inclusion and access to financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Burundi's financial sector development and progress towards expanding access to financial services for the population.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Burundi Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this trend to evaluate Burundi's efforts to promote financial inclusion and the growth of community-based financial institutions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a 3-month lag.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Burundi (BDIFCIODUNUM), retrieved from FRED.