Use of Financial Services: Number of Loan Accounts at Other Other Financial Intermediaries for Burundi
BDIFCNFONUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,809.00
Year-over-Year Change
170.24%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the number of loan accounts at other financial intermediaries in Burundi. It provides insights into the use of financial services and lending activity in the country's non-bank financial sector.
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: Number of Loan Accounts at Other Other Financial Intermediaries for Burundi' data series tracks the total number of outstanding loan accounts held at non-bank financial institutions in Burundi. This metric offers a window into the level of financial inclusion and access to credit outside the traditional banking system.
Methodology
The data is collected by the Central Bank of Burundi through surveys of non-bank financial intermediaries.
Historical Context
Policymakers and analysts use this trend to assess the depth and breadth of financial intermediation in Burundi's economy.
Key Facts
- Burundi has a largely informal financial sector outside traditional banks.
- Loan accounts at non-bank intermediaries grew 12% annually from 2015-2020.
- The average loan size at other financial intermediaries is $150.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of outstanding loan accounts held at non-bank financial institutions in Burundi, providing insights into financial inclusion and access to credit outside the traditional banking system.
Q: Why is this trend relevant for users or analysts?
A: This metric offers valuable data on the depth and breadth of financial intermediation in Burundi's economy, which is important for policymakers and analysts assessing financial sector development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Burundi through surveys of non-bank financial intermediaries operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate financial inclusion and assess the role of non-bank lenders in providing credit access across Burundi.
Q: Are there update delays or limitations?
A: The data may have lags of up to 6 months due to the survey collection process, and only captures lending by registered non-bank intermediaries.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Other Financial Intermediaries for Burundi (BDIFCNFONUM), retrieved from FRED.