Number of Bank Accounts for Burundi
DDAI01BIA642NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.07
Year-over-Year Change
156.82%
Date Range
1/1/2004 - 1/1/2015
Summary
The 'Number of Bank Accounts for Burundi' tracks the total number of bank account holders in the East African country of Burundi. This metric is a key indicator of financial inclusion and access to banking services.
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
This data series measures the total number of deposit account holders at commercial banks and other depository institutions in Burundi. It provides insights into the level of financial intermediation and the degree to which the population has access to formal banking services.
Methodology
The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) Database.
Historical Context
Policymakers and economists use this metric to assess progress in expanding access to financial services and promoting greater financial inclusion in Burundi.
Key Facts
- Burundi had 610,302 bank account holders in 2017.
- The number of bank accounts increased by 11% from 2014 to 2017.
- Only 21.6% of adults in Burundi had a bank account as of 2017.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of deposit account holders at commercial banks and other depository institutions in Burundi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access to formal banking services in Burundi, which is crucial for economic development and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) Database.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess progress in expanding access to financial services and promoting greater financial inclusion in Burundi.
Q: Are there update delays or limitations?
A: The data is published every three years as part of the World Bank's Global Findex survey, so there may be a delay in the most recent figures.
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Citation
U.S. Federal Reserve, Number of Bank Accounts for Burundi (DDAI01BIA642NWDB), retrieved from FRED.