Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Bangladesh
BGDFCAODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141,589,367.00
Year-over-Year Change
116.73%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the use of financial services deposit accounts held at non-bank depository institutions in Bangladesh. It provides insights into the level of financial inclusion and access to banking services 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 Deposit Accounts: Accounts at Other Depository Corporations for Bangladesh metric tracks the number of deposit accounts held at financial institutions other than commercial banks, such as microfinance institutions and cooperatives. This data is used by economists and policymakers to assess financial inclusion and the reach of the formal banking system.
Methodology
The data is collected by the Bangladesh Bank, the country's central bank, through surveys of financial institutions.
Historical Context
This trend is relevant for understanding the development of Bangladesh's financial sector and the government's efforts to promote greater access to banking services.
Key Facts
- Bangladesh has a population of over 160 million people.
- Only about 50% of Bangladeshi adults have a bank account.
- The government aims to achieve 90% financial inclusion by 2024.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at financial institutions other than commercial banks in Bangladesh, such as microfinance institutions and cooperatives.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the level of financial inclusion and access to banking services in Bangladesh, which is a key indicator of the country's economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bank, the country's central bank, through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the government's efforts to promote greater financial inclusion and access to banking services in Bangladesh.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the Bangladesh Bank, and there may be some limitations in the coverage or accuracy of the reported information.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Bangladesh (BGDFCAODNUM), retrieved from FRED.