Use of Financial Services: Key Indicators, Borrowers from Credit Unions and Financial Cooperatives Per 1000 Adults for Bangladesh
BGDFCRODUANUM • 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 borrowers from credit unions and financial cooperatives per 1,000 adults in Bangladesh. It provides insight into the usage and penetration 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, Borrowers from Credit Unions and Financial Cooperatives Per 1000 Adults for Bangladesh' data series tracks the level of financial inclusion in Bangladesh by measuring the number of borrowers from credit unions and cooperatives per 1,000 adults. This metric is used by economists and policymakers to assess the accessibility and adoption of formal financial services.
Methodology
The data is collected through surveys and reporting from financial institutions in Bangladesh.
Historical Context
This trend is relevant for understanding financial inclusion and the development of the cooperative banking sector in Bangladesh.
Key Facts
- Bangladesh has a population of over 160 million people.
- The cooperative banking sector plays a significant role in providing financial services.
- Financial inclusion is a key development goal for the Bangladeshi government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from credit unions and financial cooperatives per 1,000 adults in Bangladesh. It provides insight into the usage and penetration of formal financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and the development of the cooperative banking sector in Bangladesh, which is an important factor for economic growth and poverty alleviation.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial institutions in Bangladesh.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the accessibility and adoption of formal financial services, which is a key development goal for the Bangladeshi government.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or limitations in coverage of the cooperative banking sector in Bangladesh.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Credit Unions and Financial Cooperatives Per 1000 Adults for Bangladesh (BGDFCRODUANUM), retrieved from FRED.