Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Bangladesh
BGDFCDODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
933.22
Year-over-Year Change
199.96%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of household depositors with commercial banks per 1,000 adults in Bangladesh. It provides insights into financial inclusion and the public's access to basic banking services.
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, Household Depositors with Commercial Banks Per 1000 Adults for Bangladesh tracks the level of financial inclusion by measuring the prevalence of household bank accounts. This metric is used by economists and policymakers to assess the accessibility and adoption of formal banking systems.
Methodology
The data is collected through surveys and administrative records from Bangladeshi commercial banks and financial authorities.
Historical Context
This trend is relevant for evaluating progress towards financial inclusion goals and informing policies to expand access to banking services.
Key Facts
- Bangladesh had 652 household depositors per 1,000 adults in 2021.
- Financial inclusion in Bangladesh has improved significantly over the past decade.
- Access to basic banking services remains a challenge for many Bangladeshi households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household depositors with commercial banks per 1,000 adults in Bangladesh. It provides an indicator of financial inclusion and access to basic banking services.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating progress towards financial inclusion goals and informing policies to expand access to banking services in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records from Bangladeshi commercial banks and financial authorities.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the accessibility and adoption of formal banking systems in Bangladesh, which informs policies to promote financial inclusion.
Q: Are there update delays or limitations?
A: The data is subject to the availability of surveys and administrative records from Bangladeshi financial institutions, which may result in periodic update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Bangladesh (BGDFCDODCHANUM), retrieved from FRED.