Use of Financial Services: Key Indicators, Outstanding Deposits with Credit Unions and Financial Cooperatives for Bangladesh
BGDFCLODUGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.34
Year-over-Year Change
-23.79%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits with credit unions and financial cooperatives in Bangladesh as a percentage of the country's gross domestic product (GDP). It provides insight into the level of financial inclusion and access to credit in the Bangladeshi economy.
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 with credit unions and financial cooperatives for Bangladesh represent the total value of deposits held by these institutions, expressed as a percentage of the country's GDP. This metric is used by economists and policymakers to assess the depth and breadth of financial services available to individuals and businesses in Bangladesh.
Methodology
The data is collected and calculated by the Central Bank of Bangladesh.
Historical Context
This trend is relevant for analyzing financial sector development and financial inclusion policies in Bangladesh.
Key Facts
- Bangladesh's outstanding deposits with credit unions and financial cooperatives were 1.3% of GDP in 2020.
- The trend has increased from 0.6% of GDP in 2000, indicating growing financial inclusion.
- Credit unions and cooperatives play a significant role in providing financial services in rural and underserved areas of Bangladesh.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits with credit unions and financial cooperatives in Bangladesh as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and breadth of financial services available to individuals and businesses in Bangladesh, which is relevant for assessing financial inclusion and development policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Bangladesh.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze financial sector development and the effectiveness of financial inclusion policies in Bangladesh.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Bangladesh, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Credit Unions and Financial Cooperatives for Bangladesh (BGDFCLODUGGDPPT), retrieved from FRED.