Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Bangladesh
BGDFCNODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,382,940.00
Year-over-Year Change
63.55%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of loan accounts held at non-bank financial institutions in Bangladesh. It provides insight into the use of alternative 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: Number of Loan Accounts at Other Deposit Takers for Bangladesh' series tracks the total number of loan accounts held at deposit-taking institutions other than commercial banks in Bangladesh. This metric offers valuable data on the utilization of diverse financial services beyond traditional banking.
Methodology
The data is collected and reported by the Bangladesh Bank, the country's central banking authority.
Historical Context
This trend is useful for analyzing financial inclusion and the development of the non-bank financial sector in Bangladesh.
Key Facts
- Bangladesh has a large, diverse non-bank financial sector.
- Loan accounts at non-bank deposit takers have grown steadily in recent years.
- Financial inclusion remains a key development goal in Bangladesh.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held at deposit-taking institutions in Bangladesh other than commercial banks, providing insight into the use of alternative financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric offers valuable data on financial inclusion and the development of the non-bank financial sector in Bangladesh, which is crucial for understanding the country's overall economic progress.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bangladesh Bank, the country's central banking authority.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial institutions to analyze financial inclusion and the growth of alternative financial services in Bangladesh.
Q: Are there update delays or limitations?
A: The data is reported by the Bangladesh Bank on a regular basis, but there may be occasional delays or changes in reporting methodology.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Bangladesh (BGDFCNODDNUM), retrieved from FRED.