Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Financial Intermediaries for Bangladesh
BGDFCDOFMSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.00
Year-over-Year Change
116.67%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the number of depositors that are small and medium enterprises (SMEs) at other financial intermediaries in Bangladesh. It provides insights into SME access to banking and financial services, which is crucial for economic 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: Number of Depositors which are Small and Medium Enterprises at Other Financial Intermediaries for Bangladesh' trend tracks the count of SME depositors at non-bank financial institutions in the country. This metric offers a window into financial inclusion and the degree to which SMEs are integrated into the formal banking system.
Methodology
The data is collected through surveys and reports from Bangladesh's central bank and financial regulators.
Historical Context
This trend is valuable for policymakers and analysts seeking to evaluate financial sector policies and their impact on SME development.
Key Facts
- Bangladesh has over 8 million SMEs, accounting for 25% of GDP.
- Only 31% of Bangladeshi SMEs have access to formal financial services.
- The government aims to increase SME financial inclusion to 50% by 2025.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of depositors that are small and medium enterprises at non-bank financial institutions in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into SME access to banking and financial services, which is crucial for economic development and financial inclusion in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Bangladesh's central bank and financial regulators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate financial sector policies and their impact on SME development in Bangladesh.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags from financial institutions and regulators in Bangladesh.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Financial Intermediaries for Bangladesh (BGDFCDOFMSPENUM), retrieved from FRED.