Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Burundi
BDIFCRODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131,134.00
Year-over-Year Change
862.66%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the use of financial services by borrowers in Burundi, specifically the number of persons borrowing from commercial banks. It provides insights into the level of 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 Borrowers: Persons Borrowing from Commercial Banks for Burundi' trend tracks the number of individuals who have obtained loans from commercial banks in Burundi. This metric is crucial for understanding the depth of financial intermediation and the degree to which the population is able to access formal credit channels.
Methodology
The data is collected by the Central Bank of Burundi through surveys and reports from the country's commercial banking sector.
Historical Context
This trend is used by policymakers, economists, and financial institutions to evaluate the development of Burundi's financial system and inform policies aimed at promoting financial inclusion.
Key Facts
- Burundi has a population of over 11 million people.
- The banking sector in Burundi is dominated by a small number of commercial banks.
- Access to formal financial services remains a challenge for many Burundians.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals in Burundi who have borrowed money from commercial banks, providing 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 crucial for understanding the development of Burundi's financial system and informing policies aimed at promoting financial inclusion and expanding access to credit.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Burundi through surveys and reports from the country's commercial banking sector.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial institutions use this trend to evaluate the depth of financial intermediation and the degree to which the population in Burundi can access formal credit channels.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and potential limitations in coverage or reporting by the Central Bank of Burundi.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Burundi (BDIFCRODCPENUM), retrieved from FRED.