Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Bangladesh
BGDFCNODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.13
Year-over-Year Change
6.54%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of loan accounts per 1,000 adults with credit unions and financial cooperatives in Bangladesh. It provides insight into the accessibility and usage of 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: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Bangladesh' series tracks the density of loan accounts with these community-based financial institutions. This metric is used to assess financial inclusion and the reach of the cooperative banking sector.
Methodology
The data is collected and reported by the International Monetary Fund.
Historical Context
This trend is relevant for policymakers and analysts studying financial access and the development of Bangladesh's credit union and cooperative banking system.
Key Facts
- Bangladesh has over 10,000 credit unions and financial cooperatives.
- Loan account density increased from 31 per 1,000 adults in 2004 to 75 in 2020.
- Financial cooperatives serve over 8 million members in Bangladesh.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts per 1,000 adults with credit unions and financial cooperatives in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the accessibility and usage of community-based financial services, which is important for assessing financial inclusion in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts studying financial access and the development of Bangladesh's cooperative banking system.
Q: Are there update delays or limitations?
A: The data is updated annually, with the latest figures available through 2020.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Bangladesh (BGDFCNODUANUM), retrieved from FRED.