People 15 Years and Over with Account at a Formal Financial Institution for Burundi
DDAI05BIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.94
Year-over-Year Change
-4.07%
Date Range
1/1/2011 - 1/1/2014
Summary
This economic trend measures the percentage of the Burundian population aged 15 and older who have an account at a formal financial institution. It provides insight into financial inclusion and access to banking 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 'People 15 Years and Over with Account at a Formal Financial Institution' metric tracks the share of the adult population in Burundi that utilizes formal banking channels. This data point is a key indicator of financial development and economic well-being within the country.
Methodology
The data is collected through household surveys conducted by the World Bank as part of its Global Findex database.
Historical Context
Policymakers and international organizations use this metric to assess financial inclusion efforts and guide policies aimed at expanding access to banking services.
Key Facts
- Burundi's financial inclusion rate was 18.7% in 2017.
- Women in Burundi have lower rates of formal account ownership than men.
- Access to banking services is a challenge, especially in rural areas.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percentage of the adult population in Burundi that has an account at a formal financial institution such as a bank or credit union.
Q: Why is this trend relevant for users or analysts?
A: Financial inclusion is a key driver of economic development, and this data point provides insight into the level of access to banking services in Burundi.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the World Bank as part of its Global Findex database.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to assess financial inclusion efforts and guide policies aimed at expanding access to banking services in Burundi.
Q: Are there update delays or limitations?
A: The Global Findex data is updated every 3 years, so there may be a delay in the most recent figures being available.
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Use of Financial Services, Assets: Outstanding Loans at Other Depository Corporations for Burundi
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Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Burundi
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Nominal Gross Capital Formation for Burundi
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Central government debt, total (% of GDP) for Burundi
DEBTTLBIA188A
Number of Identified Exporters to Burundi from Texas
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Citation
U.S. Federal Reserve, People 15 Years and Over with Account at a Formal Financial Institution for Burundi (DDAI05BIA156NWDB), retrieved from FRED.