People 15 Years and Over Saving at a Financial Institution in the Past Year for Burundi
DDAI06BIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
21.00%
Date Range
1/1/2011 - 1/1/2014
Summary
This economic indicator measures the percentage of the population aged 15 and over in Burundi who report saving money at a financial institution within the past year. It provides insights into financial inclusion and saving behaviors.
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 Saving at a Financial Institution in the Past Year' statistic is a key metric for assessing the level of financial inclusion and access to formal banking services within a country. It represents the share of the adult population that has utilized regulated financial institutions for saving purposes.
Methodology
This data is collected through household surveys conducted by the World Bank.
Historical Context
This indicator is useful for policymakers and economists to evaluate financial development and progress towards increasing financial inclusion.
Key Facts
- Burundi's adult saving rate at financial institutions was 6.4% in 2017.
- Financial inclusion remains low in Burundi compared to other African countries.
- Improving access to formal banking services is a key development priority for Burundi.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of the adult population in Burundi that reports saving money at a regulated financial institution within the past year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access to formal banking services in Burundi, which is an important factor for economic development and financial stability.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate financial development progress and inform policies aimed at increasing financial inclusion in Burundi.
Q: Are there update delays or limitations?
A: The data may have a delay of several years between collection and publication, and it is limited to the adult population's saving behavior at formal financial institutions.
Related Trends
Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Burundi
DDDI04BIA156NWDB
Number of Identified Exporters to Burundi from Indiana
INBDIA475SCEN
Bank Z-Score for Burundi
DDSI01BIA645NWDB
Use of Financial Services Borrowers: Persons Borrowing from Other Other Financial Intermediaries for Burundi
BDIFCRFOPENUM
Use of Financial Services: Number of Loan Accounts at Commercial Banks for Burundi
BDIFCNODCNUM
Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Burundi
BDIFCDODCANUM
Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Burundi (DDAI06BIA156NWDB), retrieved from FRED.