Use of Financial Services: Number of Loan Accounts for Households at Commercial Banks for Bangladesh
BGDFCNODCHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,200,139.00
Year-over-Year Change
49.13%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of loan accounts held by households at commercial banks in Bangladesh. It provides insights into household-level financial services usage and credit access.
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 number of loan accounts for households at commercial banks is an important indicator of financial inclusion and the depth of credit markets in Bangladesh. It reflects the ability of households to access formal financing for consumption, investment, or other purposes.
Methodology
The data is collected by the Bangladesh Bank through surveys of commercial banks operating in the country.
Historical Context
Policymakers use this metric to evaluate financial sector development and design policies to promote greater financial inclusion.
Key Facts
- Bangladesh has a population of over 160 million people.
- Financial inclusion is a key development priority for the Bangladeshi government.
- Commercial banks are the primary source of formal credit for Bangladeshi households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts held by households at commercial banks in Bangladesh. It provides insights into household-level access to formal financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and the depth of credit markets in Bangladesh. It helps policymakers and analysts understand household access to formal financing.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bank through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess financial sector development and design policies to promote greater financial inclusion in Bangladesh.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or inconsistencies in bank-level reporting to the central bank.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Households at Commercial Banks for Bangladesh (BGDFCNODCHNUM), retrieved from FRED.