Use of Financial Services Deposit Accounts: Household Accounts at Other Financial Intermediaries for Bangladesh
BGDFCAOFMHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
50.00%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of household deposit accounts held at financial intermediaries other than banks in Bangladesh. It provides insights into the use of non-bank financial services and the overall development of the country's financial 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: Household Accounts at Other Financial Intermediaries for Bangladesh' series tracks the number of deposit accounts held by Bangladeshi households at non-bank financial institutions. This data is used by economists and policymakers to assess financial inclusion and the evolution of the broader financial system in the country.
Methodology
The data is collected through surveys and reporting from financial intermediaries in Bangladesh.
Historical Context
This trend is relevant for understanding financial market dynamics and informing policies aimed at promoting greater access to diverse financial services.
Key Facts
- Bangladesh has a population of over 160 million people.
- The country's financial sector is dominated by commercial banks.
- Financial inclusion remains a key development priority in Bangladesh.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held by Bangladeshi households at financial intermediaries other than commercial banks, such as microfinance institutions, cooperatives, and other non-bank financial entities.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the use of diverse financial services beyond traditional banking, which is important for understanding financial inclusion and the development of Bangladesh's broader financial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial intermediaries operating in Bangladesh.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to monitor financial inclusion efforts and inform policies aimed at promoting greater access to a range of financial services for households and businesses in Bangladesh.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and potential lags in reporting, which should be considered when interpreting the information.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Household Accounts at Other Financial Intermediaries for Bangladesh (BGDFCAOFMHNUM), retrieved from FRED.