Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Burundi
BDIFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.25
Year-over-Year Change
-33.71%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures outstanding deposits with commercial banks in Burundi as a percentage of its gross domestic product (GDP). It provides insight into the level of financial inclusion and development 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 Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Burundi trend tracks the total value of deposits held by individuals and businesses with commercial banks in Burundi, expressed as a percentage of the country's GDP. This metric is used to assess the depth and breadth of the financial sector and gauge financial inclusion.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) as part of its Financial Access Survey.
Historical Context
Policymakers and economists use this indicator to monitor financial sector development and design policies to promote greater financial inclusion.
Key Facts
- Burundi's outstanding deposits with commercial banks were 25.9% of GDP in 2021.
- This indicator has increased from 20.9% in 2011, indicating gradual financial sector growth.
- Improving financial inclusion is a key development priority for Burundi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses with commercial banks in Burundi, expressed as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the depth and breadth of Burundi's financial sector and is used by policymakers and economists to assess financial inclusion and design policies to promote greater access to financial services.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) as part of its Financial Access Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to monitor financial sector development and design policies to promote greater financial inclusion in Burundi.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Burundi (BDIFCLODCGGDPPT), retrieved from FRED.