Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Burundi
BDIFCDODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
300.00%
Date Range
1/1/2004 - 1/1/2016
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that have deposit accounts with other deposit-taking institutions in Burundi. It provides insights into SMEs' access to and use of formal financial services, which is crucial for economic development.
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 Small and Medium Enterprises at Other Deposit Takers for Burundi' indicator tracks the volume of SME deposit accounts at non-bank financial institutions in Burundi. This data is used by policymakers and analysts to evaluate financial inclusion and the health of the small business sector.
Methodology
The data is collected through surveys of deposit-taking institutions in Burundi.
Historical Context
Trends in SME deposit-taking are relevant for assessing access to finance and the business environment in Burundi.
Key Facts
- Burundi has a large informal sector, with many SMEs lacking access to formal financial services.
- Improving SME access to deposit accounts is a key policy goal for promoting financial inclusion.
- The number of SME depositors at non-bank institutions has grown steadily in Burundi in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that have deposit accounts with deposit-taking institutions other than commercial banks in Burundi.
Q: Why is this trend relevant for users or analysts?
A: Tracking SME deposit accounts is important for understanding financial inclusion and access to formal financial services for small businesses in Burundi, which is crucial for private sector development and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of deposit-taking institutions in Burundi.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess progress on financial inclusion goals and the health of Burundi's small business sector.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and coverage limitations due to the informal nature of many SMEs in Burundi.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Burundi (BDIFCDODDSPENUM), retrieved from FRED.