Use of Financial Services Deposit Accounts: Accounts at Credit Unions and Financial Cooperatives for Bangladesh
BGDFCAODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,523,742.00
Year-over-Year Change
35.84%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the use of financial services deposit accounts at credit unions and financial cooperatives in Bangladesh. It provides insights into the financial inclusion and access to formal banking 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 Deposit Accounts: Accounts at Credit Unions and Financial Cooperatives for Bangladesh trend tracks the number of deposit accounts held at credit unions and financial cooperatives. It is an important indicator of financial inclusion and the level of access to formal banking services in the Bangladeshi economy.
Methodology
The data is collected and reported by the Bangladesh Bank, the central bank of Bangladesh.
Historical Context
This trend is closely monitored by policymakers, economists, and financial institutions to assess financial sector development and progress towards financial inclusion goals.
Key Facts
- Bangladesh has a population of over 160 million people.
- Credit unions and financial cooperatives play a key role in providing banking services to rural and underserved communities.
- Financial inclusion is a priority for the Bangladeshi government and central bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at credit unions and financial cooperatives in Bangladesh. It provides insights into financial inclusion and access to formal banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the level of financial inclusion and access to formal banking services in Bangladesh, which is a key indicator of economic development and financial sector progress.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bangladesh Bank, the central bank of Bangladesh.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and financial institutions to assess financial sector development and progress towards financial inclusion goals in Bangladesh.
Q: Are there update delays or limitations?
A: The data is reported by the Bangladesh Bank, and there may be occasional delays or limitations in data availability depending on reporting schedules.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Credit Unions and Financial Cooperatives for Bangladesh (BGDFCAODUNUM), retrieved from FRED.