Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Bangladesh
BGDFCRODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,475,664.00
Year-over-Year Change
43.54%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the use of financial services by households borrowing from commercial banks in Bangladesh. It provides insights into household debt and financial inclusion patterns.
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 Borrowers: Households Borrowing from Commercial Banks for Bangladesh' trend tracks the total number of households in Bangladesh that have borrowed from commercial banks. This metric is a key indicator of financial access and economic development.
Methodology
The data is collected through surveys and reporting from commercial banks in Bangladesh.
Historical Context
This trend is used by policymakers and economists to monitor household finance and assess the impact of financial inclusion initiatives.
Key Facts
- Bangladesh has a population of over 160 million people.
- The financial inclusion rate in Bangladesh is around 50%.
- Improving access to financial services is a key development priority.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of households in Bangladesh that have borrowed from commercial banks, providing insights into household debt and financial inclusion.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and economists as it helps monitor household finance and assess the impact of financial inclusion initiatives in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from commercial banks in Bangladesh.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to monitor household finance and evaluate the effectiveness of financial inclusion programs in Bangladesh.
Q: Are there update delays or limitations?
A: The data may be subject to periodic reporting delays from commercial banks in Bangladesh.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Bangladesh (BGDFCRODCHPENUM), retrieved from FRED.