Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Bangladesh
BGDFCAODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
567.20%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the percentage of non-financial corporation depositors with commercial banks in Bangladesh that have small and medium enterprise (SME) deposit accounts. It provides insight into the use of formal financial services by SMEs, a key driver of 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 SME deposit account indicator represents the level of financial inclusion and access to banking services for small and medium-sized businesses in Bangladesh. It is used by policymakers and economists to assess the development of the country's financial sector and identify areas for improving SME access to formal financial tools.
Methodology
The data is collected by the Bangladesh Bank through surveys of commercial banks operating in the country.
Historical Context
This indicator is relevant for understanding financial sector policies and their impact on SME growth and private sector development.
Key Facts
- SMEs account for over 90% of businesses in Bangladesh.
- Access to formal banking services is crucial for SME growth and competitiveness.
- Bangladesh has set targets to increase SME financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of non-financial corporations in Bangladesh that have small and medium enterprise (SME) deposit accounts with commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial inclusion and access to formal banking services for SMEs, which are critical drivers of economic development in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bank through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding financial sector policies and their impact on SME growth and private sector development in Bangladesh.
Q: Are there update delays or limitations?
A: The data may have lags in reporting due to the survey-based collection method.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Bangladesh (BGDFCAODCSPNUM), retrieved from FRED.