Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Bangladesh
BGDFCAODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,031,140.00
Year-over-Year Change
75.31%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of financial services deposit accounts held at deposit-taking institutions other than banks in Bangladesh. It provides insights into the broader use and accessibility of formal 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 Deposit Accounts: Accounts at Other Deposit Takers for Bangladesh series tracks the number of deposit accounts held at non-bank deposit-taking institutions, such as microfinance organizations and cooperatives. This metric helps economists and policymakers understand financial inclusion and the diversification of the banking sector in Bangladesh.
Methodology
The data is collected through surveys of deposit-taking institutions other than commercial banks.
Historical Context
This trend is used to assess financial market development and access to formal financial services in Bangladesh.
Key Facts
- Bangladesh has a large microfinance sector that serves many unbanked individuals.
- Deposit accounts at non-bank institutions have grown rapidly in recent decades.
- Financial inclusion is a key policy priority for the Bangladeshi government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at deposit-taking institutions in Bangladesh other than commercial banks, such as microfinance organizations and cooperatives.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and the diversification of the banking sector in Bangladesh, which are important for understanding economic development and access to formal financial services.
Q: How is this data collected or calculated?
A: The data is collected through surveys of deposit-taking institutions other than commercial banks in Bangladesh.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess financial market development and progress towards increasing access to formal financial services in Bangladesh.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and potential limitations in survey coverage of all non-bank deposit-taking institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Bangladesh (BGDFCAODDNUM), retrieved from FRED.