Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Bangladesh
BGDFCIODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
723.00
Year-over-Year Change
16.99%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of institutions, including other depository corporations and deposit-taking microfinance institutions (MFIs), that provide financial services in Bangladesh. It is an important indicator of financial inclusion and access to banking infrastructure 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 Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Bangladesh data series tracks the total number of these financial institutions operating across the country. It provides insight into the breadth of the banking and microfinance network available to consumers and businesses.
Methodology
The data is collected and reported by the Bangladesh Bank, the central bank of Bangladesh.
Historical Context
This metric is used by policymakers and economists to assess the state of financial sector development and monitor progress towards increasing financial inclusion in Bangladesh.
Key Facts
- Bangladesh has over 7,000 financial institutions as of the latest data.
- Microfinance institutions account for the majority of the country's financial service providers.
- Financial inclusion has increased significantly in Bangladesh in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, including other depository corporations and deposit-taking microfinance institutions (MFIs), operating in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the breadth of the banking and microfinance network available to consumers and businesses in Bangladesh, which is a key indicator of financial inclusion and access to financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bangladesh Bank, the central bank of Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the state of financial sector development and monitor progress towards increasing financial inclusion in Bangladesh.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Bangladesh Bank, but there may be some delays in publication.
Related Trends
Number of Identified Exporters to Bangladesh from Vermont
VTBGDA475SCEN
Number of Identified Exporters to Bangladesh from South Dakota
SDBGDA475SCEN
Literacy Rate, Adult Total for Bangladesh
SEADTLITRZSBGD
Number of Identified Exporters to Bangladesh from Colorado
COBGDA475SCEN
Use of Financial Services Borrowers: Persons Borrowing from Other Financial Intermediaries for Bangladesh
BGDFCRMPENUM
Geographical Outreach, Liabilities: Households' Outstanding Deposits at Other Financial Corporations, Other Financial Intermediaries for Bangladesh
BGDFCLOFMHXDC
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Bangladesh (BGDFCIODMFNUM), retrieved from FRED.