Use of Financial Services: Number of Loan Accounts at Other Financial Intermediaries for Burundi
BDIFCNMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,249.10
Year-over-Year Change
85.85%
Date Range
1/1/2007 - 1/1/2016
Summary
This economic trend measures the number of loan accounts at other financial intermediaries in Burundi, providing insights into the country's financial services utilization.
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 Loan Accounts at Other Financial Intermediaries for Burundi' trend tracks the total number of loan accounts held with non-bank financial institutions in Burundi. This metric is used by economists and policymakers to gauge the breadth of financial inclusion and access to credit in the country.
Methodology
The data is collected through surveys and reports from Burundi's central bank and other financial regulators.
Historical Context
This trend is relevant for understanding financial market development and the depth of credit intermediation in Burundi's economy.
Key Facts
- Burundi has a largely cash-based economy with limited financial inclusion.
- Non-bank financial institutions play a key role in providing credit access.
- Loan account growth is a sign of expanding financial services in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held with non-bank financial institutions in Burundi, such as microfinance providers and savings and credit cooperatives.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access to credit in Burundi's economy, which is important for understanding the country's financial development and economic growth prospects.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from Burundi's central bank and other financial regulators.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the effectiveness of financial inclusion initiatives and guide policies aimed at expanding access to credit and other financial services in Burundi.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the coverage of non-bank financial institutions may not be comprehensive, leading to potential limitations in the completeness of the trend.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Financial Intermediaries for Burundi (BDIFCNMNUM), retrieved from FRED.