Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Bangladesh
BGDFCSODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.34
Year-over-Year Change
-39.27%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding small and medium enterprise (SME) loans from commercial banks in Bangladesh as a percentage of the country's GDP. It provides insights into the availability and access to finance for smaller businesses, which is crucial for economic development.
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, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Bangladesh series represents the total value of SME loans from commercial banks in the country, expressed as a percentage of the GDP. This metric reflects the financial sector's support for small and medium-sized enterprises, which are vital for job creation and innovation.
Methodology
The data is collected and calculated by the Bangladesh Bank, the central bank of Bangladesh.
Historical Context
This trend is used by policymakers, economists, and financial analysts to assess the health and development of Bangladesh's SME financing ecosystem.
Key Facts
- Bangladesh's SME loans as a percentage of GDP were 15.4% in 2020.
- SMEs account for over 99% of businesses and 80% of employment in Bangladesh.
- The government has set a target of increasing SME loans to 30% of GDP by 2024.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding small and medium enterprise (SME) loans from commercial banks in Bangladesh as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric reflects the financial sector's support for small and medium-sized enterprises, which are vital for job creation and innovation in Bangladesh's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bangladesh Bank, the central bank of Bangladesh.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial analysts to assess the health and development of Bangladesh's SME financing ecosystem.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bangladesh Bank, but there may be occasional delays or limitations in data availability.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Bangladesh (BGDFCSODCSGGDPPT), retrieved from FRED.