Firms with a Bank Loan or Line of Credit to Total Firms for Burundi
DDAI03BIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.10
Year-over-Year Change
73.09%
Date Range
1/1/2006 - 1/1/2014
Summary
This economic trend measures the percentage of firms in Burundi that have a bank loan or line of credit. It provides insight into the accessibility of financial services for businesses 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 'Firms with a Bank Loan or Line of Credit to Total Firms' indicator represents the share of businesses in Burundi that utilize formal banking products. This metric is used by economists and policymakers to assess the development of the country's financial sector and the ability of enterprises to access credit.
Methodology
The data is collected through the World Bank's Enterprise Surveys, which sample a representative group of firms in Burundi.
Historical Context
This trend is relevant for understanding the business environment and credit conditions in Burundi's economy.
Key Facts
- Burundi's firm bank loan/credit rate was 20.1% in 2014.
- Access to finance is a major constraint for businesses in Burundi.
- Small and medium enterprises face the greatest challenges in obtaining credit.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of firms in Burundi that have a bank loan or line of credit, providing insight into the accessibility of financial services for businesses.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess the development of Burundi's financial sector and the ability of enterprises to access credit, which is crucial for business growth and investment.
Q: How is this data collected or calculated?
A: The data is collected through the World Bank's Enterprise Surveys, which sample a representative group of firms in Burundi.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the business environment and credit conditions in Burundi's economy, which can inform policies aimed at promoting financial inclusion and private sector development.
Q: Are there update delays or limitations?
A: The data is collected through periodic enterprise surveys, so there may be delays in availability and limited coverage of the entire business population in Burundi.
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Citation
U.S. Federal Reserve, Firms with a Bank Loan or Line of Credit to Total Firms for Burundi (DDAI03BIA156NWDB), retrieved from FRED.