Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Burundi
BDIFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
-11.91%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the number of deposit accounts with commercial banks per 1,000 adults in Burundi. 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 'Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Burundi' series tracks the level of banking account penetration, a crucial indicator of financial development and inclusion in Burundi. This data point is widely used by economists and policymakers to assess progress towards increasing access to formal financial services.
Methodology
The data is collected and calculated by the World Bank based on information provided by Burundi's central bank and national statistics office.
Historical Context
This trend is monitored by international institutions, governments, and financial sector analysts to evaluate policies aimed at promoting greater financial inclusion in Burundi.
Key Facts
- Burundi had 66 deposit accounts per 1,000 adults in 2017.
- Financial inclusion has increased in Burundi, but remains low compared to regional peers.
- Expanding access to banking services is a key policy priority for the Burundian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts with commercial banks per 1,000 adults in Burundi. It provides an indicator of financial inclusion and access to formal banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for evaluating progress towards increasing financial inclusion and access to banking services, which are important drivers of economic development in Burundi.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information provided by Burundi's central bank and national statistics office.
Q: How is this trend used in economic policy?
A: This trend is monitored by international institutions, governments, and financial sector analysts to assess the effectiveness of policies aimed at promoting greater financial inclusion in Burundi.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the accuracy of the figures may be influenced by the capacity of Burundi's statistical and financial authorities.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Burundi (BDIFCAODCANUM), retrieved from FRED.