Use of Financial Services: Number of Depositors at Credit Unions and Financial Cooperatives for Bangladesh
BGDFCDODUPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,523,742.00
Year-over-Year Change
35.84%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of depositors at credit unions and financial cooperatives in Bangladesh. It provides insights into the usage and accessibility of 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: Number of Depositors at Credit Unions and Financial Cooperatives for Bangladesh' series tracks the total number of account holders at these community-based financial institutions. This metric reflects the level of financial inclusion and the reach of cooperative banking services in Bangladesh.
Methodology
The data is collected through surveys and reports from financial regulatory authorities in Bangladesh.
Historical Context
This trend is useful for policymakers and development organizations to assess financial inclusion initiatives and the penetration of formal banking services.
Key Facts
- Bangladesh has over 6,000 credit unions and financial cooperatives.
- The total number of depositors exceeds 10 million as of the latest data.
- Financial cooperatives play a key role in expanding access to banking services in rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of depositors or account holders at credit unions and financial cooperatives in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and the accessibility of community-based banking services in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial regulatory authorities in Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this trend to assess financial inclusion initiatives and the penetration of formal banking services in Bangladesh.
Q: Are there update delays or limitations?
A: The data may be subject to periodic reporting delays from the source authorities.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Credit Unions and Financial Cooperatives for Bangladesh (BGDFCDODUPENUM), retrieved from FRED.