Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for Burundi
BDIFCLODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
290,398,000,000.00
Year-over-Year Change
941.88%
Date Range
1/1/2007 - 1/1/2020
Summary
This economic trend measures the outstanding deposits held at credit unions and financial cooperatives in Burundi. It provides insights into the usage and accessibility of 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 outstanding deposits at credit unions and financial cooperatives in Burundi reflect the level of public participation in the formal financial system. This metric is used by economists and policymakers to assess financial inclusion and the reach of the country's financial infrastructure.
Methodology
The data is collected by the Central Bank of Burundi through surveys of credit unions and financial cooperatives.
Historical Context
This trend is relevant for understanding the development of Burundi's financial sector and the ability of households and businesses to access formal banking services.
Key Facts
- Burundi has over 300 registered credit unions and financial cooperatives.
- Outstanding deposits at these institutions reached $240 million in 2020.
- Financial inclusion remains a challenge, with only 16% of adults having a formal bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held at credit unions and financial cooperatives in Burundi. It provides insights into the usage and accessibility of formal financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development of Burundi's financial sector and the ability of households and businesses to access formal banking services, which is a key indicator of financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Burundi through surveys of credit unions and financial cooperatives operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the reach of Burundi's financial infrastructure and inform initiatives aimed at improving financial inclusion and access to formal banking services.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and collection, as it relies on survey responses from a large number of financial institutions across Burundi.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for Burundi (BDIFCLODUXDC), retrieved from FRED.