Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Bangladesh
BGDFCAODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.13
Year-over-Year Change
6.54%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of deposit accounts with credit unions and financial cooperatives per 1,000 adults in Bangladesh. It provides insight into the usage and penetration of these financial services within the population.
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, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Bangladesh' series tracks the level of financial inclusion in Bangladesh by monitoring the prevalence of credit union and cooperative deposit accounts among the adult population.
Methodology
The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) database.
Historical Context
This indicator is used by policymakers and financial institutions to assess financial access and inclusion in the Bangladeshi market.
Key Facts
- Bangladesh has a population of over 160 million people.
- Financial inclusion remains a key development goal for the country.
- Credit unions and cooperatives play an important role in expanding access to basic banking services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held with credit unions and financial cooperatives per 1,000 adults in Bangladesh. It provides insight into the level of financial inclusion in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for policymakers, financial institutions, and development organizations to assess progress on financial inclusion and access to basic banking services in Bangladesh.
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: This indicator is used by Bangladeshi policymakers and international institutions to monitor financial access and guide policies and programs aimed at expanding financial inclusion in the country.
Q: Are there update delays or limitations?
A: The Global Findex database, which includes this indicator, is updated every 3 years. There may be lags in data availability depending on reporting timelines.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Bangladesh (BGDFCAODUANUM), retrieved from FRED.