Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Burundi
BDIFCLODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.45
Year-over-Year Change
10.88%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic indicator tracks the outstanding deposits of small and medium enterprises (SMEs) with commercial banks in Burundi as a percentage of GDP. It provides insights into the use of financial services by the SME sector, which is crucial for economic development.
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 Small and Medium Enterprises (SME) Deposits with Commercial Banks for Burundi measures the total value of deposits held by SMEs with commercial banks in the country, expressed as a percentage of the country's gross domestic product (GDP). This metric is used to assess the level of financial inclusion and access to banking services for the SME sector, which is a key driver of economic growth and job creation.
Methodology
The data is collected by the Central Bank of Burundi and reported to the World Bank as part of its Financial Sector Development Indicators program.
Historical Context
Policymakers and financial institutions use this indicator to monitor the financial health and access to credit for SMEs, which are vital for promoting private sector development and inclusive economic growth.
Key Facts
- SMEs account for over 90% of businesses in Burundi.
- Burundi's SME deposit-to-GDP ratio was 8.4% in 2020.
- Improving SME access to finance is a key policy priority in Burundi.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the outstanding deposits held by small and medium enterprises (SMEs) with commercial banks in Burundi, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: The level of SME deposits with commercial banks is a crucial metric for assessing financial inclusion and access to banking services for the SME sector, which is a key driver of economic growth and job creation in Burundi.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Burundi and reported to the World Bank as part of its Financial Sector Development Indicators program.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this indicator to monitor the financial health and access to credit for SMEs, which are vital for promoting private sector development and inclusive economic growth in Burundi.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, and there may be delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Burundi (BDIFCLODCSGGDPPT), retrieved from FRED.