Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Burundi
BDIFCRODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,096.00
Year-over-Year Change
555.71%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the use of financial services by households borrowing from commercial banks in Burundi. It provides insights into the 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 Borrowers: Households Borrowing from Commercial Banks for Burundi trend represents the level of household borrowing from commercial banks, which is an important indicator of financial sector development and financial inclusion in the country.
Methodology
The data is collected by the Burundi central bank through surveys and reporting from commercial banks.
Historical Context
This trend is useful for policymakers and economists to assess the state of financial access and credit markets in Burundi.
Key Facts
- Burundi has a low rate of financial inclusion compared to other African countries.
- Household borrowing from commercial banks is an important metric of access to credit.
- Improving financial inclusion is a key development goal for the Burundi government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the level of household borrowing from commercial banks in Burundi, providing insights into 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 policymakers, economists, and analysts to assess the state of financial access and credit markets in Burundi, which is important for economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Burundi central bank through surveys and reporting from commercial banks.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to evaluate financial inclusion and inform policies aimed at improving access to credit and financial services in Burundi.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and can be limited by the coverage and accuracy of the surveys and reporting from commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Burundi (BDIFCRODCHPENUM), retrieved from FRED.