People 15 Years and Over Saving at a Financial Institution in the Past Year for Bangladesh
DDAI06BDA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.01
Year-over-Year Change
-63.88%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and above in Bangladesh who have saved at a financial institution in the past year. It provides insights into the financial inclusion and savings habits of the population.
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 'People 15 Years and Over Saving at a Financial Institution in the Past Year for Bangladesh' metric is an important indicator of financial development and access to formal banking services. It helps policymakers and economists understand the level of financial inclusion and the public's engagement with the formal financial system.
Methodology
The data is collected through nationally representative household surveys conducted by the World Bank.
Historical Context
This trend is useful for analyzing financial sector policies and their impact on household savings and investment behavior.
Key Facts
- Bangladesh's savings rate at financial institutions was 31.1% in 2017.
- Savings rates have increased over the past decade, indicating greater financial inclusion.
- Women's participation in formal savings lags behind men in Bangladesh.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and above in Bangladesh who have saved at a financial institution in the past year. It provides insights into financial inclusion and savings habits.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the level of financial development and access to formal banking services in Bangladesh. It helps policymakers and economists analyze financial sector policies and their impact on household savings and investment behavior.
Q: How is this data collected or calculated?
A: The data is collected through nationally representative household surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: This trend is used to analyze financial sector policies and their impact on household savings and investment behavior in Bangladesh.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in coverage or methodological changes over time.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Bangladesh (DDAI06BDA156NWDB), retrieved from FRED.