Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Other Deposit Takers for Bangladesh
BGDFCAODDSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141,501.00
Year-over-Year Change
254.66%
Date Range
1/1/2004 - 1/1/2017
Summary
This trend measures the number of small and medium enterprise (SME) deposit accounts held at financial institutions in Bangladesh. It provides insights into the level of financial inclusion and access to formal banking services for the country's SME sector.
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 Deposit Accounts: Small and Medium Enterprise Accounts at Other Deposit Takers for Bangladesh' series tracks the total number of SME deposit accounts held at banks and other deposit-taking institutions in Bangladesh. This metric is a key indicator of financial access and inclusion for the country's small and medium-sized businesses.
Methodology
The data is collected through surveys of deposit-taking institutions in Bangladesh.
Historical Context
Policymakers and economists use this metric to assess the development of Bangladesh's financial system and progress toward greater financial inclusion for the SME sector.
Key Facts
- Bangladesh has over 8 million SMEs.
- SMEs account for 25% of Bangladesh's GDP.
- Access to formal banking services is a key challenge for many Bangladeshi SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by small and medium enterprises (SMEs) at banks and other deposit-taking institutions in Bangladesh.
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 for Bangladesh's SME sector, which is a crucial driver of the country's economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of deposit-taking institutions in Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the development of Bangladesh's financial system and progress toward greater financial inclusion for the SME sector.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags by surveyed institutions, and the metric does not capture informal financial services used by SMEs.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Other Deposit Takers for Bangladesh (BGDFCAODDSNUM), retrieved from FRED.