Use of Financial Services: Key Indicators, Outstanding Loans from All Microfinance Institutions (MFIs) for Bangladesh
BGDFCSODMFGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
85.46%
Date Range
1/1/2004 - 1/1/2014
Summary
This indicator tracks the total value of outstanding loans from microfinance institutions (MFIs) in Bangladesh, providing insights into access to 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, Outstanding Loans from All Microfinance Institutions (MFIs) for Bangladesh' metric measures the total value of loans granted by MFIs operating in Bangladesh. It serves as a proxy for financial inclusion and the reach of formal credit in the country.
Methodology
The data is collected directly from microfinance institutions and aggregated by the Bangladesh Microfinance Regulatory Authority.
Historical Context
This indicator is relevant for policymakers and economists studying financial sector development and financial inclusion in Bangladesh.
Key Facts
- Microfinance is a key driver of financial inclusion in Bangladesh.
- Outstanding MFI loans reached 37.5% of GDP in 2021.
- Bangladesh has over 700 registered microfinance institutions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of outstanding loans from microfinance institutions (MFIs) operating in Bangladesh, providing insights into access to formal credit and financial inclusion in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the development of Bangladesh's financial sector and the reach of formal credit, which are key factors in promoting financial inclusion and economic growth.
Q: How is this data collected or calculated?
A: The data is collected directly from microfinance institutions and aggregated by the Bangladesh Microfinance Regulatory Authority.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the effectiveness of initiatives aimed at expanding access to financial services and promoting financial inclusion in Bangladesh.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into the microfinance sector in Bangladesh.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from All Microfinance Institutions (MFIs) for Bangladesh (BGDFCSODMFGGDPPT), retrieved from FRED.