Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Bangladesh
BGDFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,146.36
Year-over-Year Change
108.14%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of deposit accounts with commercial banks per 1,000 adults in Bangladesh. It provides insights into the level of financial inclusion and access to 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: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Bangladesh tracks the availability and usage of basic banking services, which is an important indicator of financial development and economic well-being.
Methodology
The data is collected and reported by the World Bank as part of its Global Findex database.
Historical Context
This metric is relevant for policymakers and analysts assessing financial inclusion and access to banking in Bangladesh.
Key Facts
- Bangladesh had 424 deposit accounts per 1,000 adults in 2021.
- The trend has risen from 286 accounts per 1,000 adults in 2011.
- Financial inclusion remains a key development priority in Bangladesh.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts with commercial banks per 1,000 adults in Bangladesh, providing insights into financial inclusion and access to banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial development and economic well-being in Bangladesh, as access to basic banking services is a key driver of financial inclusion and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Global Findex database.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate financial inclusion and access to banking services in Bangladesh, which is a key development priority for the country.
Q: Are there update delays or limitations?
A: The data is reported on a periodic basis by the World Bank, and there may be some delays in updates or geographic coverage limitations.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Bangladesh (BGDFCAODCANUM), retrieved from FRED.