Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Burundi
BDIFCNODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,385.00
Year-over-Year Change
N/A%
Date Range
1/1/2004 - 1/1/2016
Summary
This economic trend measures the number of loan accounts at deposit-taking institutions other than commercial banks in Burundi. It provides insights into the overall access and usage of financial services 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: Number of Loan Accounts at Other Deposit Takers for Burundi' series tracks the total number of loan accounts held at deposit-taking institutions in Burundi, excluding commercial banks. This metric is used by economists and policymakers to assess the breadth of financial inclusion and the role of non-bank deposit takers in the country's financial system.
Methodology
The data is collected through surveys and reporting from financial institutions in Burundi.
Historical Context
This trend is relevant for understanding the development of Burundi's financial sector and the accessibility of credit outside the traditional banking system.
Key Facts
- Burundi has a population of over 11 million people.
- Only 16% of adults in Burundi have a bank account.
- Agriculture accounts for 30% of Burundi's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held at deposit-taking institutions in Burundi, excluding commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and the role of non-bank deposit takers in Burundi's financial system, which is important for understanding the country's economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial institutions in Burundi.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the accessibility of credit outside the traditional banking system and inform policies aimed at improving financial inclusion in Burundi.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and collection, and the coverage of non-bank deposit takers may not be comprehensive.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Burundi (BDIFCNODDNUM), retrieved from FRED.