Use of Financial Services: Key Indicators, Depositors with Credit Unions and Financial Cooperatives Per 1000 Adults for Burundi
BDIFCDODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.83
Year-over-Year Change
57.46%
Date Range
1/1/2007 - 1/1/2020
Summary
This economic trend measures the number of depositors with credit unions and financial cooperatives per 1,000 adults in Burundi. It provides insight into financial inclusion and access to formal 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: Key Indicators, Depositors with Credit Unions and Financial Cooperatives Per 1000 Adults for Burundi' metric tracks the level of engagement with cooperative financial institutions in Burundi. It is an important indicator of financial development and access to the formal banking system.
Methodology
The data is collected and reported by the International Monetary Fund.
Historical Context
This metric is used by policymakers and economists to assess financial inclusion and the strength of the cooperative finance sector in Burundi.
Key Facts
- Burundi has over 300 registered credit unions and cooperatives.
- The depositor rate reached 104 per 1,000 adults in 2019.
- Cooperative finance is an important source of rural financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors with credit unions and financial cooperatives per 1,000 adults in Burundi. It provides insight into financial inclusion and access to formal banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial development and the strength of the cooperative finance sector in Burundi, which is relevant for policymakers and economists studying financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to assess financial inclusion and the role of cooperative finance in Burundi's banking sector.
Q: Are there update delays or limitations?
A: The data is published annually with some potential delays in reporting from the source.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors with Credit Unions and Financial Cooperatives Per 1000 Adults for Burundi (BDIFCDODUANUM), retrieved from FRED.