Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Burundi
BDIFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,002,351,000,100.00
Year-over-Year Change
276.09%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the outstanding loans at commercial banks in Burundi, reflecting the use of financial services and assets 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, Assets: Outstanding Loans at Commercial Banks for Burundi metric provides insight into the lending activity and financial intermediation in Burundi's economy. It is a key indicator of the depth and access to banking services for businesses and households.
Methodology
The data is collected and reported by the Burundian central bank.
Historical Context
This trend is relevant for policymakers and economists analyzing financial inclusion and the development of Burundi's banking sector.
Key Facts
- Burundi has a relatively low banking penetration rate compared to other East African countries.
- Outstanding loans at commercial banks in Burundi have grown in recent years, but access to finance remains a challenge.
- The Burundian government has initiatives to promote financial inclusion and expand access to banking services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans held by commercial banks in Burundi, providing insight into the use of financial services and assets in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the depth and development of Burundi's banking sector and financial inclusion, which are important factors for economic growth and stability.
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: Policymakers and economists use this trend to assess financial sector development and inform policies aimed at improving access to banking services and promoting financial inclusion in Burundi.
Q: Are there update delays or limitations?
A: There may be occasional delays in the reporting of this data by the Burundian central bank, and the coverage may not capture all lending activity in the informal financial sector.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Burundi (BDIFCSODCXDC), retrieved from FRED.