Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Burundi
BDIFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.14
Year-over-Year Change
518.28%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the number of borrowers from commercial banks per 1,000 adults in Burundi. It provides insights into financial inclusion and the accessibility of 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, Borrowers from Commercial Banks Per 1,000 Adults for Burundi tracks the level of financial intermediation by monitoring the number of people who have active loan accounts with commercial banks. This metric is an important indicator of financial inclusion and economic development.
Methodology
The data is collected and reported by the International Monetary Fund's Financial Access Survey.
Historical Context
This trend is used by policymakers, economists, and financial institutions to assess financial sector development and access to credit in Burundi.
Key Facts
- Burundi had 15.58 borrowers per 1,000 adults in 2017.
- Financial inclusion remains low in Burundi compared to other East African countries.
- Access to credit is a key challenge for businesses and individuals in Burundi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people with active loan accounts at commercial banks per 1,000 adults in Burundi. It is 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 provides insights into the level of financial intermediation and development of the banking sector in Burundi. It is relevant for policymakers, economists, and financial institutions assessing financial inclusion and access to credit.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund's Financial Access Survey.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial institutions to evaluate financial sector development and design policies to improve access to credit and promote financial inclusion in Burundi.
Q: Are there update delays or limitations?
A: The data may have update delays, as it is collected and reported annually by the IMF. There may also be limitations in coverage or accuracy, as financial inclusion data can be challenging to collect in developing countries.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1,000 Adults for Burundi (BDIFCRODCANUM), retrieved from FRED.