Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Burundi
BDIFCSODUGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.56
Year-over-Year Change
493.64%
Date Range
1/1/2007 - 1/1/2020
Summary
This economic trend measures the outstanding loans from credit unions and financial cooperatives in Burundi as a percentage of the country's gross domestic product (GDP). It provides insights into the use and access to financial services within 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 Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Burundi tracks the level of financial intermediation and credit provision by non-bank financial institutions in Burundi. This metric is important for understanding the depth and breadth of the country's financial system and its role in supporting economic growth and development.
Methodology
The data is collected and reported by the International Monetary Fund (IMF).
Historical Context
Policymakers and analysts use this indicator to assess the financial inclusion and access to credit in Burundi.
Key Facts
- Burundi's outstanding loans from credit unions and financial cooperatives were 1.4% of GDP in 2020.
- This indicator has increased from 0.8% of GDP in 2010, indicating growing financial intermediation.
- Burundi has one of the lowest levels of financial inclusion in sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from credit unions and financial cooperatives 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 depth and breadth of Burundi's financial system and the level of financial intermediation and credit provision by non-bank financial institutions, which is important for understanding financial inclusion and access to credit in the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the financial inclusion and access to credit in Burundi, which is crucial for supporting economic growth and development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in coverage or reporting accuracy for some countries.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Burundi (BDIFCSODUGGDPPT), retrieved from FRED.