Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Burundi
BDIFCLODDHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,547,000,000.00
Year-over-Year Change
667.73%
Date Range
1/1/2004 - 1/1/2016
Summary
This economic trend measures the outstanding deposits held by households in Burundi at deposit-taking institutions other than the central bank. It provides insights into the level of financial inclusion and the public's use of the broader banking system.
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, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Burundi metric tracks the total value of deposits held by Burundian households at deposit-taking institutions such as commercial banks. This indicator offers policymakers and analysts a window into the degree of financial intermediation and the public's engagement with the formal financial sector in the country.
Methodology
The data is collected through reports from deposit-taking institutions in Burundi and aggregated by the central bank.
Historical Context
This trend is used by policymakers and economists to assess the depth and breadth of Burundi's financial system and the extent of household financial inclusion.
Key Facts
- Burundi has a population of over 12 million people.
- Only 17% of Burundian adults had a bank account as of 2017.
- The central bank of Burundi oversees the country's financial system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by households in Burundi at deposit-taking institutions other than the central bank, providing insights into financial inclusion and use of the formal banking system.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the depth and breadth of Burundi's financial system and the extent to which households are engaged with the formal banking sector, which is a key indicator of financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected through reports from deposit-taking institutions in Burundi and aggregated by the central bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the level of financial intermediation and household engagement with the formal financial system in Burundi, which informs policies aimed at promoting financial inclusion and economic growth.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or incomplete coverage of the broader financial system, which should be considered when interpreting the trend.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Burundi (BDIFCLODDHXDC), retrieved from FRED.