Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Burundi
BDIFCNODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.43
Year-over-Year Change
166.72%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the number of loan accounts per 1,000 adults with commercial banks in Burundi, providing insight into financial inclusion and access to credit 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, Loan Accounts with Commercial Banks Per 1,000 Adults for Burundi' series tracks the density of commercial bank loan accounts relative to the adult population, which is an important indicator of financial inclusion and development.
Methodology
The data is collected and reported by the World Bank based on surveys and national banking statistics.
Historical Context
This metric is used by policymakers, economists, and development organizations to assess progress on financial access and inclusive growth objectives.
Key Facts
- Burundi had 24.63 commercial bank loan accounts per 1,000 adults in 2017.
- Financial inclusion in Burundi is relatively low compared to other African countries.
- Increasing access to credit is a key policy goal for economic development in Burundi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts per 1,000 adults with commercial banks in Burundi, providing insight into financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial development and access, which are crucial for promoting economic growth and reducing poverty in Burundi.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on surveys and national banking statistics.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and development organizations to assess progress on financial access and inclusive growth objectives in Burundi.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be delays or limitations in reporting, especially for less developed countries like Burundi.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Burundi (BDIFCNODCANUM), retrieved from FRED.