Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Burundi
BDIFCAODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.82
Year-over-Year Change
29.44%
Date Range
1/1/2007 - 1/1/2020
Summary
This economic trend measures the number of deposit accounts with credit unions and financial cooperatives per 1,000 adults in Burundi. It provides insights into the financial inclusion and accessibility of formal banking services for the Burundian population.
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 Credit Unions and Financial Cooperatives Per 1000 Adults for Burundi' metric tracks the level of formal financial account ownership in Burundi. This data point is used by economists and policymakers to assess financial inclusion and the reach of the cooperative banking sector.
Methodology
The data is collected through surveys and reports from Burundi's central bank and financial regulatory authorities.
Historical Context
This indicator is relevant for understanding financial market development and access to basic banking services in Burundi.
Key Facts
- Burundi has a largely informal financial sector.
- Credit unions play a key role in expanding banking access.
- Financial inclusion remains a development challenge in Burundi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts with credit unions and financial cooperatives per 1,000 adults in Burundi, providing insights into financial inclusion and access to formal banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the development of Burundi's financial sector and the accessibility of basic banking services for the population.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Burundi's central bank and financial regulatory authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess financial inclusion and inform policies aimed at expanding access to formal banking services in Burundi.
Q: Are there update delays or limitations?
A: The data may be subject to periodic delays in reporting and limited coverage of the informal financial sector in Burundi.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Burundi (BDIFCAODUANUM), retrieved from FRED.