Use of Financial Services: Number of Depositors at Non-deposit Taking Microfinance Institutions (MFIs) for Bangladesh
BGDFCDOFMFNPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.00
Year-over-Year Change
480.00%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the number of depositors at non-deposit taking microfinance institutions (MFIs) in Bangladesh. It provides insights into financial inclusion and the growth of microfinance 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 number of depositors at non-deposit taking MFIs in Bangladesh is an important indicator of the use and adoption of microfinance services. It reflects the extent to which individuals, particularly in underserved communities, are accessing formal financial products and services.
Methodology
The data is collected through surveys and reports from microfinance institutions in Bangladesh.
Historical Context
This trend is closely monitored by policymakers and development organizations to assess progress in financial inclusion and the effectiveness of microfinance initiatives.
Key Facts
- Bangladesh has one of the largest microfinance sectors in the world.
- Microfinance plays a significant role in providing access to financial services for the unbanked population.
- The number of depositors at non-deposit taking MFIs has steadily increased over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors at non-deposit taking microfinance institutions (MFIs) in Bangladesh. It provides insights into the use and adoption of microfinance services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and the growth of the microfinance sector in Bangladesh. It helps policymakers and development organizations assess the effectiveness of microfinance initiatives.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from microfinance institutions in Bangladesh.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and development organizations to evaluate progress in financial inclusion and the impact of microfinance programs in Bangladesh.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting or updates from the microfinance institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Non-deposit Taking Microfinance Institutions (MFIs) for Bangladesh (BGDFCDOFMFNPENUM), retrieved from FRED.