Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Bangladesh
BGDFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.14
Year-over-Year Change
-21.55%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits with commercial banks in Bangladesh as a percentage of the country's GDP. It provides insights into the level of financial inclusion and the overall health of the banking sector.
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: Key Indicators, Outstanding Deposits with Commercial Banks for Bangladesh series tracks the total deposits held by individuals and businesses with commercial banks in the country. This metric is a important indicator of financial intermediation and the public's trust in the banking system.
Methodology
The data is collected by the central bank of Bangladesh and reported to the International Monetary Fund.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the depth of financial development and financial stability in the Bangladeshi economy.
Key Facts
- Bangladesh's outstanding bank deposits equaled 45.6% of GDP in 2020.
- Deposit growth has averaged 13.8% annually over the past decade.
- The deposit-to-GDP ratio in Bangladesh is lower than the global average of 59%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total deposits held by individuals and businesses with commercial banks in Bangladesh as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and the overall health of the banking sector in Bangladesh, which is crucial for assessing the country's financial development and stability.
Q: How is this data collected or calculated?
A: The data is collected by the central bank of Bangladesh and reported to the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to evaluate the depth of financial development and financial stability in the Bangladeshi economy.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with some potential delays in reporting from the national sources.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Bangladesh (BGDFCLODCGGDPPT), retrieved from FRED.