Use of Financial Services: Key Indicators, Outstanding Deposits from All Microfinance Institutions (MFIs) for Bangladesh
BGDFCLODMFGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
76.48%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the total outstanding deposits from microfinance institutions (MFIs) in Bangladesh as a percentage of the country's GDP. It provides insight into the reach and usage of formal financial services 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 Use of Financial Services: Key Indicators, Outstanding Deposits from All Microfinance Institutions (MFIs) for Bangladesh metric tracks the value of deposits held at MFIs in Bangladesh relative to the size of the overall economy. This indicator offers a window into financial inclusion and the role of microfinance in providing access to basic banking services.
Methodology
The data is collected by the Bangladesh Bank, the central bank, through surveys of microfinance institutions operating in the country.
Historical Context
This metric is used by policymakers, development organizations, and economists to assess the growth and impact of the microfinance sector in Bangladesh.
Key Facts
- Bangladesh has one of the largest microfinance industries in the world.
- Outstanding deposits at Bangladeshi MFIs equal around 10% of the country's GDP.
- Microfinance has been a key driver of financial inclusion in Bangladesh.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held at microfinance institutions (MFIs) in Bangladesh as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the reach and usage of formal financial services in Bangladesh, which is an important driver of economic development and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bank through surveys of microfinance institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers, development organizations, and economists use this metric to assess the growth and impact of the microfinance sector in Bangladesh.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bangladesh Bank, with some potential delays in reporting from the surveyed MFIs.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits from All Microfinance Institutions (MFIs) for Bangladesh (BGDFCLODMFGGDPPT), retrieved from FRED.