Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Other Deposit Takers for Bangladesh
BGDFCNODDSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108,836.00
Year-over-Year Change
182.55%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of loan accounts for small and medium enterprises (SMEs) at deposit-taking institutions other than banks in Bangladesh. It provides insights into the financing access and credit utilization of SMEs, a key driver of economic growth.
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 for Small and Medium Enterprises at Other Deposit Takers for Bangladesh series tracks the total number of outstanding loan accounts held by SMEs at non-bank deposit-taking institutions in the country. This metric reflects the level of financial inclusion and credit access for small businesses, which play a vital role in job creation and innovation.
Methodology
The data is collected and reported by the Bangladesh Bank, the country's central bank.
Historical Context
This trend is used by policymakers, economists, and financial analysts to assess the development of Bangladesh's SME financing ecosystem and identify areas for improvement.
Key Facts
- Bangladesh has over 8 million SMEs, accounting for 25% of GDP.
- SMEs employ more than 20 million people in Bangladesh.
- Access to credit is a key challenge for Bangladeshi SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of outstanding loan accounts held by small and medium enterprises (SMEs) at deposit-taking institutions other than banks in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and credit access for SMEs in Bangladesh, which are crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bangladesh Bank, the country's central bank.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this trend to assess the development of Bangladesh's SME financing ecosystem and identify areas for improvement.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all non-bank deposit-taking institutions in Bangladesh.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Other Deposit Takers for Bangladesh (BGDFCNODDSNUM), retrieved from FRED.