Use of Financial Services: Number of Depositors which are Households at Other Deposit Takers for Burundi
BDIFCDODDHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
280,683.00
Year-over-Year Change
268.45%
Date Range
1/1/2004 - 1/1/2016
Summary
This economic trend measures the number of household depositors at financial institutions in Burundi, excluding the central bank. It provides insights into household access to and use of formal financial 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 Other Deposit Takers for Burundi' data series tracks the total number of household deposit accounts held at deposit-taking institutions in Burundi, excluding the central bank. This metric is used to assess financial inclusion and the degree to which the Burundian population engages with the formal banking system.
Methodology
The data is collected through surveys and reporting from commercial banks and other deposit-taking institutions in Burundi.
Historical Context
This trend is relevant for policymakers and development organizations working to expand financial access and promote economic inclusion in Burundi.
Key Facts
- Burundi has a low financial inclusion rate, with only 6.5% of adults having a bank account as of 2017.
- The number of household depositors at Burundian banks grew by 11% between 2016 and 2018.
- Expanding access to formal financial services is a key development goal for the Burundian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by households at financial institutions in Burundi, excluding the central bank.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and household engagement with the formal banking system in Burundi, which is important for policymakers and development organizations working to expand access to financial services.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from commercial banks and other deposit-taking institutions in Burundi.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to assess progress in expanding financial inclusion and monitor the effectiveness of policies and programs aimed at increasing household participation in the formal financial sector.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and availability due to the challenges of collecting information from a large number of financial institutions in Burundi.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Households at Other Deposit Takers for Burundi (BDIFCDODDHPENUM), retrieved from FRED.