Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Bangladesh
BGDFCLODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,354,155,146,383.21
Year-over-Year Change
419.84%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held by small and medium enterprises (SMEs) at commercial banks in Bangladesh. It provides insights into the financial services usage and liquidity of the SME sector, a key driver of economic growth.
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 outstanding deposits by SMEs at commercial banks in Bangladesh represent the total value of cash holdings and savings accounts maintained by small and medium-sized businesses. This metric is used to analyze SME access to and reliance on formal financial services, which is crucial for supporting entrepreneurship and private sector development.
Methodology
The data is collected directly from commercial banks operating in Bangladesh.
Historical Context
Policymakers and economists closely monitor this trend to assess the financial health and inclusion of the SME segment.
Key Facts
- SMEs account for over 90% of businesses in Bangladesh.
- Deposit mobilization is a key challenge for Bangladeshi SMEs.
- Outstanding SME deposits grew by 12% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by small and medium enterprises (SMEs) at commercial banks in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial services usage and liquidity of the SME sector, which is a key driver of economic growth in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the financial health and inclusion of the SME segment, which is crucial for supporting entrepreneurship and private sector development.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays, providing timely insights into the SME deposit market.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Bangladesh (BGDFCLODCSXDC), retrieved from FRED.