Use of Financial Services Deposit Accounts: Accounts at Other Financial Intermediaries for Bangladesh
BGDFCAOFMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
183.00
Year-over-Year Change
-28.24%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of deposit accounts held at financial intermediaries other than banks in Bangladesh. It provides insights into the use and access to alternative financial 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 Financial Intermediaries for Bangladesh metric tracks the total number of deposit accounts held at non-bank financial institutions, such as microfinance providers and cooperatives. This data offers valuable insights into financial inclusion and the diversification of banking services beyond traditional commercial banks.
Methodology
The data is collected through surveys and reporting from financial regulators in Bangladesh.
Historical Context
Policymakers and analysts use this trend to assess the development of the broader financial sector and access to diverse financial services.
Key Facts
- Bangladesh has a large microfinance sector alongside its commercial banking system.
- Deposit accounts at non-bank financial intermediaries provide access to basic financial services.
- Financial inclusion is a key policy priority in Bangladesh to support economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held at financial intermediaries other than banks in Bangladesh, such as microfinance providers and cooperatives.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into financial inclusion and the diversification of banking services beyond traditional commercial banks in Bangladesh, which is an important policy priority for economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial regulators in Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the development of the broader financial sector and access to diverse financial services in Bangladesh.
Q: Are there update delays or limitations?
A: The data may be subject to occasional reporting delays from financial regulators in Bangladesh.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Financial Intermediaries for Bangladesh (BGDFCAOFMNUM), retrieved from FRED.