Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Burundi
BDIFCNODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.24
Year-over-Year Change
451.62%
Date Range
1/1/2007 - 1/1/2020
Summary
This economic trend measures the number of loan accounts with credit unions and financial cooperatives per 1,000 adults in Burundi. It provides insights into financial inclusion and access to credit 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: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Burundi' trend represents the level of financial intermediation in Burundi's credit union and cooperative sector. It is a key indicator of financial access and inclusion in the country.
Methodology
This data is collected and reported by the International Monetary Fund (IMF) through its Financial Access Survey.
Historical Context
Policymakers and analysts use this metric to evaluate progress in expanding financial services and promoting inclusive economic development in Burundi.
Key Facts
- Burundi has over 50 credit unions and financial cooperatives.
- The number of loan accounts per 1,000 adults was 49.6 in 2019.
- Financial inclusion remains a challenge, with only 34% of adults having an account at a formal institution.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts with credit unions and financial cooperatives per 1,000 adults in Burundi. It provides insights into financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding the level of financial intermediation and access to credit in Burundi's cooperative banking sector, which is important for promoting financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF) through its Financial Access Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate progress in expanding financial services and promoting inclusive economic development in Burundi.
Q: Are there update delays or limitations?
A: The data is reported annually, 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, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Burundi (BDIFCNODUANUM), retrieved from FRED.