Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Burundi
BDIFCLODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
263,245,000,000.00
Year-over-Year Change
242.91%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the outstanding deposits held by small and medium enterprises (SMEs) at commercial banks in Burundi. It provides insights into the level of financial services usage 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, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Burundi tracks the total value of deposits held by SMEs in the Burundian banking system. This metric serves as an indicator of SMEs' access to and engagement with formal financial services, which is an important factor in fostering small business growth and private sector expansion.
Methodology
The data is collected by the Central Bank of Burundi through its surveys of commercial banks operating in the country.
Historical Context
Policymakers and economists use this trend to assess the financial inclusion of the SME sector and inform policies aimed at improving access to banking services.
Key Facts
- Burundi has a predominantly informal economy, with SMEs accounting for over 90% of businesses.
- Access to formal financial services remains a challenge for many Burundian SMEs.
- Improving SME financial inclusion is a key policy priority for the Burundian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by small and medium enterprises (SMEs) at commercial banks in Burundi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial services usage by the SME sector in Burundi, which is crucial for understanding small business growth and private sector development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Burundi through its surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the financial inclusion of the SME sector and inform policies aimed at improving access to banking services.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting by commercial banks and limited coverage of the informal SME sector.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Burundi (BDIFCLODCSXDC), retrieved from FRED.