Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Financial Intermediaries for Bangladesh
BGDFCLOFMXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,404,000,000.00
Year-over-Year Change
363.86%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding deposits held by households at financial intermediaries in Bangladesh, excluding commercial banks. It provides insights into the broader use of financial services and household liquidity 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 Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Financial Intermediaries for Bangladesh tracks the total value of deposits maintained by households at non-bank financial institutions. This metric offers a window into the financial habits and access to formal banking services among Bangladeshi consumers.
Methodology
The data is collected through surveys and reports from the central bank and other financial regulators in Bangladesh.
Historical Context
This trend is useful for policymakers and analysts examining financial inclusion and the development of Bangladesh's broader financial sector.
Key Facts
- Bangladesh has a population of over 160 million people.
- The country's financial sector is largely dominated by commercial banks.
- Financial inclusion remains a key development goal for policymakers in Bangladesh.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by Bangladeshi households at financial institutions other than commercial banks, providing insights into broader financial services usage.
Q: Why is this trend relevant for users or analysts?
A: This metric offers important context on financial inclusion and the development of Bangladesh's financial sector beyond just commercial banking.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Bangladesh's central bank and other financial regulators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate financial sector development and progress towards greater financial inclusion in Bangladesh.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and availability due to the complexities of surveying financial institutions in an emerging market like Bangladesh.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Financial Intermediaries for Bangladesh (BGDFCLOFMXDC), retrieved from FRED.