Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Bangladesh
BGDFCDODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,049.86
Year-over-Year Change
116.79%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the number of depositors with commercial banks per 1,000 adults in Bangladesh. It provides insights into the country's financial inclusion and banking sector development.
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, Depositors with Commercial Banks Per 1000 Adults for Bangladesh' metric measures the level of access and usage of formal banking services by the adult population in Bangladesh. This data point is a key indicator of financial inclusion and can inform policies aimed at expanding access to banking and other financial services.
Methodology
The data is collected by the World Bank through national banking and financial institution surveys.
Historical Context
This indicator is widely used by policymakers, economists, and financial analysts to assess the growth and penetration of the banking sector in Bangladesh and guide financial inclusion strategies.
Key Facts
- Bangladesh had 610 depositors per 1,000 adults in 2020.
- The indicator has grown steadily from 379 depositors per 1,000 adults in 2010.
- Financial inclusion is a key priority for the Bangladeshi government.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of adults in Bangladesh who have deposit accounts with commercial banks, per 1,000 adults in the population. It serves as a measure of financial inclusion and banking sector development.
Q: Why is this trend relevant for users or analysts?
A: The number of bank depositors per capita is a crucial metric for understanding the reach and penetration of the formal banking system in Bangladesh. It informs policymakers, economists, and financial analysts about progress towards financial inclusion goals.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through national surveys of banking and financial institutions in Bangladesh.
Q: How is this trend used in economic policy?
A: This indicator is widely used by the Bangladeshi government, central bank, and international institutions to monitor and guide policies aimed at expanding access to formal banking services and promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year. There may be some variations in data collection and reporting across different sources.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Bangladesh (BGDFCDODCANUM), retrieved from FRED.