Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Burundi
BDIFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.05
Year-over-Year Change
-86.78%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the outstanding loans from commercial banks to households in Burundi as a percentage of the country's gross domestic product (GDP). It provides insight into the level of household borrowing and financial inclusion in the Burundi economy.
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, Outstanding Loans from Commercial Banks to Households for Burundi metric tracks the total value of loans extended by commercial banks to individual households in the country. This statistic is used by economists and policymakers to assess the depth and accessibility of the domestic financial system.
Methodology
The data is collected and reported by the Central Bank of Burundi.
Historical Context
This indicator is relevant for understanding Burundi's financial development and the role of the banking sector in supporting household consumption and investment.
Key Facts
- Burundi's household loan-to-GDP ratio was 7.8% in 2020.
- This metric has increased from 5.8% in 2010, indicating growing financial inclusion.
- Burundi's ratio remains low compared to other East African economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks to households in Burundi as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of household borrowing and financial inclusion in the Burundi economy, which is relevant for assessing the development of the domestic financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Burundi.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to understand the role of the banking sector in supporting household consumption and investment in Burundi.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and data collection practices of the Central Bank of Burundi.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Burundi (BDIFCSODCHGGDPPT), retrieved from FRED.