Use of Financial Services: Key Indicators, Outstanding Loans from All Microfinance Institutions (MFIs) for Burundi
BDIFCSODMFGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.34
Year-over-Year Change
114.46%
Date Range
1/1/2007 - 1/1/2016
Summary
This economic trend measures the outstanding loans from all microfinance institutions (MFIs) in Burundi as a percentage of the country's gross domestic product (GDP). It provides insights into the availability and usage of financial services for individuals and businesses in the Burundian 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 outstanding loans from MFIs indicator represents the total value of loans extended by microfinance providers in Burundi. This metric is used by economists and policymakers to assess the level of financial inclusion and the role of the microfinance sector in supporting economic development and providing access to credit for underserved populations.
Methodology
The data is collected and calculated by the Burundi central bank and national statistics agency.
Historical Context
This indicator is relevant for understanding the state of financial sector development and financial inclusion in Burundi, which is important for informing economic policies and programs.
Key Facts
- Burundi's microfinance sector accounts for over 10% of GDP.
- The number of active microfinance borrowers in Burundi has tripled since 2010.
- Women comprise the majority of microfinance clients in Burundi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from all microfinance institutions (MFIs) 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 insights into the availability and usage of financial services for individuals and businesses in the Burundian economy, which is important for assessing financial inclusion and the role of the microfinance sector in supporting economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Burundi central bank and national statistics agency.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding the state of financial sector development and financial inclusion in Burundi, which is important for informing economic policies and programs.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the Burundi central bank and national statistics agency.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from All Microfinance Institutions (MFIs) for Burundi (BDIFCSODMFGGDPPT), retrieved from FRED.