Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Burundi
BDIFCDODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,771.00
Year-over-Year Change
-81.97%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the number of households that are depositors at commercial banks in Burundi. It provides insights into the level of 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: Number of Depositors which are Households at Commercial Banks for Burundi' metric tracks the total number of Burundian households that hold deposit accounts with commercial banks. This data point is a key indicator of financial inclusion and the degree to which the population is integrated into the formal banking system.
Methodology
The data is collected by the Central Bank of Burundi through reports from licensed commercial banks operating in the country.
Historical Context
This trend is relevant for policymakers and financial sector analysts seeking to understand financial access and inclusion in Burundi's economy.
Key Facts
- Burundi has a population of over 12 million people.
- Only 17% of Burundian adults have a bank account.
- The number of depositors at commercial banks has grown by 25% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of Burundian households that hold deposit accounts with commercial banks in the country.
Q: Why is this trend relevant for users or analysts?
A: This data point is a key indicator of financial inclusion and access to banking services in Burundi, which is crucial for understanding the country's economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Burundi through reports from licensed commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and financial sector analysts seeking to understand financial access and inclusion in Burundi's economy, which can inform policies and initiatives to promote greater financial inclusion.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays from commercial banks, and the metric only captures formal banking relationships, not informal financial services.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Burundi (BDIFCDODCHPENUM), retrieved from FRED.