Use of Financial Services: Number of Loan Accounts for Households at Commercial Banks for Burundi
BDIFCNODCHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,128.00
Year-over-Year Change
33.01%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the number of loan accounts held by households at commercial banks in Burundi. It provides insight into the level of 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 number of loan accounts for households at commercial banks is an important indicator of financial sector development and access to credit for individuals. It reflects the extent to which the banking system is serving the financial needs of households in Burundi.
Methodology
The data is collected by the Central Bank of Burundi through its monitoring of the commercial banking sector.
Historical Context
This trend is used by policymakers and economists to assess financial inclusion and guide policies aimed at expanding access to credit and other banking services.
Key Facts
- Burundi has a population of over 11 million people.
- Only about 6% of the adult population in Burundi has a bank account.
- The government has initiatives to increase financial inclusion in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts held by households at commercial banks in Burundi. It provides an indicator of financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the level of financial sector development and the ability of households to access credit, which are important for economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Burundi through its monitoring of the commercial banking sector.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess financial inclusion and guide policies aimed at expanding access to credit and other banking services.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and may not capture all informal financial activities in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Households at Commercial Banks for Burundi (BDIFCNODCHNUM), retrieved from FRED.