Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Bangladesh
BGDFCDODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.95
Year-over-Year Change
371.55%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the percentage of non-financial corporation depositors with commercial banks in Bangladesh that are small and medium enterprises (SMEs). It provides insight into the financial inclusion and banking activity of SMEs, a critical segment of the economy.
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, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Bangladesh tracks the representation of SME depositors among all non-financial corporation accounts with commercial banks. This metric offers valuable data on SME access to formal banking services.
Methodology
The data is collected by the Bangladesh Bank through surveys of commercial banks.
Historical Context
Policymakers and analysts use this indicator to assess the financial health and inclusion of SMEs, a vital driver of economic growth and development.
Key Facts
- SMEs account for over 90% of businesses in Bangladesh.
- Bangladesh aims to achieve 50% financial inclusion by 2023.
- Formal banking access remains a challenge for many Bangladeshi SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of non-financial corporation depositors with commercial banks in Bangladesh that are small and medium enterprises (SMEs).
Q: Why is this trend relevant for users or analysts?
A: This metric offers valuable data on SME access to formal banking services, which is crucial for understanding financial inclusion and the health of a key driver of economic growth in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bank through surveys of commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the financial health and inclusion of SMEs, a vital driver of economic growth and development in Bangladesh.
Q: Are there update delays or limitations?
A: The data may be subject to survey response rates and timeliness of reporting by commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Bangladesh (BGDFCDODCSPNUM), retrieved from FRED.