Use of Financial Services Deposit Accounts: Accounts at Credit Unions and Financial Cooperatives for Burundi
BDIFCAODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
591,352.00
Year-over-Year Change
85.27%
Date Range
1/1/2007 - 1/1/2020
Summary
This economic trend measures the use of deposit accounts at credit unions and financial cooperatives in Burundi. It provides insights into financial inclusion and the role of these institutions in the country's financial landscape.
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 Deposit Accounts: Accounts at Credit Unions and Financial Cooperatives for Burundi series tracks the number of deposit accounts held at credit unions and financial cooperatives in Burundi. This data is a key indicator of financial inclusion and the accessibility of formal financial services in the country.
Methodology
The data is collected and reported by the Central Bank of Burundi.
Historical Context
Policymakers and analysts use this trend to understand the reach and impact of credit unions and financial cooperatives in Burundi's financial system.
Key Facts
- Burundi has over 1,000 active credit unions and financial cooperatives.
- These institutions hold more than 1.2 million deposit accounts in the country.
- Credit unions and cooperatives play a key role in expanding financial access in rural Burundi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at credit unions and financial cooperatives in Burundi, providing insights into financial inclusion and the reach of these institutions.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the role of credit unions and cooperatives in Burundi's financial system and assessing progress in expanding access to formal financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Burundi.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor financial inclusion and the impact of credit unions and cooperatives in Burundi's financial landscape.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological practices of the Central Bank of Burundi.
Related Trends
Real Effective Exchange Rate as Based on Consumer Price Index for Burundi
BDIEREERIX
Number of Identified Exporters to Burundi from Colorado
COBDIA475SCEN
Use of Financial Services: Number of Depositors at Other Financial Corporations for Burundi
BDIFCDOFPENUM
Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Burundi
DDDI12BIA156NWDB
Number of Identified Exporters to Burundi from South Carolina
SCBDIA475SCEN
Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Burundi
BDIFCNODDNUM
Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Credit Unions and Financial Cooperatives for Burundi (BDIFCAODUNUM), retrieved from FRED.