Use of Financial Services: Number of Loan Accounts at Commercial Banks for Burundi
BDIFCNODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67,919.00
Year-over-Year Change
299.34%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the number of loan accounts at commercial banks in Burundi. It provides insights into the level of financial inclusion and access to credit in the Burundian economy.
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 Commercial Banks for Burundi' series tracks the total number of loan accounts held by individuals and businesses at commercial banks operating in Burundi. This metric is used by economists and policymakers to assess the depth of financial intermediation and the degree of credit market development in the country.
Methodology
The data is collected by the Central Bank of Burundi through mandatory reporting by commercial banks.
Historical Context
This trend is relevant for understanding the functioning of Burundi's financial sector and informing policies aimed at promoting financial inclusion and private sector access to credit.
Key Facts
- Burundi has a largely cash-based economy with limited financial inclusion.
- Access to credit remains a major constraint for businesses and households in Burundi.
- The number of loan accounts is an indicator of financial sector development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held at commercial banks in Burundi. It provides insights into the level of financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the functioning of Burundi's financial sector and informing policies aimed at promoting financial inclusion and private sector access to credit.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Burundi through mandatory reporting by commercial banks.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the depth of financial intermediation and the degree of credit market development in Burundi, which can inform policies to improve financial inclusion and access to credit.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays by commercial banks, and the coverage may be limited to formal financial institutions, excluding informal sources of credit.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Commercial Banks for Burundi (BDIFCNODCNUM), retrieved from FRED.