Use of Financial Services Deposit Accounts: Accounts at Insurance Corporations for Bangladesh
BGDFCAOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,561,844.00
Year-over-Year Change
-1.05%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the use of financial services deposit accounts at insurance corporations in Bangladesh. It provides insight into the financial behaviors and inclusion of the Bangladeshi 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 Deposit Accounts: Accounts at Insurance Corporations for Bangladesh metric tracks the total number of deposit accounts held at insurance companies in the country. This data point is useful for understanding financial access and the depth of the insurance industry in Bangladesh.
Methodology
The data is collected through surveys of insurance providers in Bangladesh.
Historical Context
This trend is relevant for policymakers and financial sector analysts examining financial inclusion and insurance market development in the Bangladeshi economy.
Key Facts
- Bangladesh has a population of over 160 million people.
- The insurance industry in Bangladesh is growing rapidly.
- Financial inclusion remains a key development priority in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held at insurance companies in Bangladesh. It provides insight into financial access and the depth of the insurance industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is useful for understanding financial inclusion and the development of the insurance market in Bangladesh, which are key economic priorities for the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys of insurance providers in Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers and financial sector analysts use this trend to assess financial inclusion and insurance market development in the Bangladeshi economy.
Q: Are there update delays or limitations?
A: The data may have update delays due to the survey-based collection methodology, and may not capture all informal or unregistered insurance accounts.
Related Trends
U.S. Imports of Goods by Customs Basis from Bangladesh
IMP5380
Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Other Financial Intermediaries for Bangladesh
BGDFCSMSXDC
Cash surplus/deficit (% of GDP) for Bangladesh
CASHBLBDA188A
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Bangladesh
BGDFCACNUM
Gross Portfolio Equity Liabilities to GDP for Bangladesh
DDDM08BDA156NWDB
Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Bangladesh
BGDFCSODCSGGDPPT
Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Insurance Corporations for Bangladesh (BGDFCAOFINUM), retrieved from FRED.