Use of Financial Services: Key Indicators, Deposit/customer Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Burundi
BDIFCAODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.32
Year-over-Year Change
804.92%
Date Range
1/1/2007 - 1/1/2016
Summary
This economic trend measures the number of deposit/customer accounts with all microfinance institutions (MFIs) per 1,000 adults in Burundi. It provides insights into financial inclusion and access to formal 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/customer Accounts with All Microfinance Institutions (MFIs) Per 1,000 Adults for Burundi metric tracks the outreach and penetration of microfinance services across the adult population. It is a key indicator of financial inclusion and can inform policymakers on strategies to enhance access to formal financial tools.
Methodology
The data is collected and reported by the International Monetary Fund's Financial Access Survey.
Historical Context
This indicator helps assess progress towards Sustainable Development Goal targets related to financial inclusion and economic empowerment.
Key Facts
- Burundi had 52 deposit/customer accounts per 1,000 adults in 2021.
- The metric has increased from 39 accounts per 1,000 adults in 2014.
- Burundi ranks below the regional average for financial inclusion in Sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit/customer accounts with all microfinance institutions (MFIs) per 1,000 adults in Burundi.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into financial inclusion and access to formal banking services in Burundi, which is crucial for understanding economic development and empowerment.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund's Financial Access Survey.
Q: How is this trend used in economic policy?
A: This indicator helps assess progress towards Sustainable Development Goal targets related to financial inclusion and can inform policymakers on strategies to enhance access to formal financial tools.
Q: Are there update delays or limitations?
A: The data is updated annually by the IMF, and may be subject to reporting lags or coverage limitations in some countries.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit/customer Accounts with All Microfinance Institutions (MFIs) Per 1,000 Adults for Burundi (BDIFCAODMFANUM), retrieved from FRED.