Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Other Deposit Takers for Burundi
BDIFCAODDSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
-20.00%
Date Range
1/1/2004 - 1/1/2016
Summary
This economic trend measures the use of financial services deposit accounts by small and medium enterprises (SMEs) at deposit takers other than the central bank in Burundi.
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 BDIFCAODDSNUM series represents the number of SME deposit accounts held at deposit-taking institutions in Burundi, excluding the central bank. This data provides insight into financial inclusion and the utilization of formal banking services by the SME sector.
Methodology
The data is collected by the Burundi central bank through surveys of deposit-taking institutions.
Historical Context
This trend is relevant for policymakers and economists analyzing financial development and access to formal financial services in Burundi.
Key Facts
- Burundi is a low-income country in East Africa.
- SMEs account for a significant portion of economic activity in Burundi.
- Access to formal financial services remains a challenge for many Burundian SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held by small and medium enterprises (SMEs) at deposit-taking institutions in Burundi, excluding the central bank.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the level of financial inclusion and access to formal banking services for the SME sector in Burundi, which is crucial for economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Burundi central bank through surveys of deposit-taking institutions in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the progress of financial inclusion and the development of the SME sector in Burundi.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting or limited coverage of deposit-taking institutions in Burundi.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Other Deposit Takers for Burundi (BDIFCAODDSNUM), retrieved from FRED.