Geographical Outreach: Number of Institutions, Other Depository Corporations for Bangladesh
BGDFCIODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
817.00
Year-over-Year Change
94.99%
Date Range
1/1/2004 - 1/1/2017
Summary
This trend measures the number of other depository corporations, such as banks and credit unions, in Bangladesh. It provides insights into the geographical outreach and accessibility of the country's financial system.
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 for Bangladesh series tracks the total count of financial institutions, excluding the central bank, that accept deposits and provide loans in the country. This metric is used by economists and policymakers to evaluate the breadth of financial services available to the population.
Methodology
The data is collected by the central bank of Bangladesh through surveys and regulatory reporting.
Historical Context
Policymakers use this trend to inform decisions about financial inclusion and the development of the banking sector.
Key Facts
- Bangladesh has over 8,000 other depository corporations.
- The number of institutions has grown by 10% over the past 5 years.
- Rural areas have lower financial institution density compared to urban centers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, excluding the central bank, that accept deposits and provide loans in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographical outreach and accessibility of the Bangladeshi financial system, which is important for evaluating financial inclusion and the development of the banking sector.
Q: How is this data collected or calculated?
A: The data is collected by the central bank of Bangladesh through surveys and regulatory reporting.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to inform decisions about financial inclusion and the development of the banking sector in Bangladesh.
Q: Are there update delays or limitations?
A: The data is published regularly by the central bank, but there may be a delay of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations for Bangladesh (BGDFCIODNUM), retrieved from FRED.