Use of Financial Services Deposit Accounts: Household Accounts at Credit Unions and Financial Cooperatives for Bangladesh
BGDFCAODUHNUM • 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 number of household deposit accounts at credit unions and financial cooperatives in Bangladesh. It provides insights into the use of financial services by households 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: Household Accounts at Credit Unions and Financial Cooperatives for Bangladesh metric tracks the total number of deposit accounts held by households at these types of financial institutions. This data point is used by economists and policymakers to assess financial inclusion and the accessibility of banking services for Bangladeshi households.
Methodology
The data is collected by the Bangladesh Bank, the central bank of Bangladesh.
Historical Context
This trend is relevant for understanding the level of financial inclusion and access to formal banking services in Bangladesh.
Key Facts
- Bangladesh has a population of over 160 million people.
- The number of household deposit accounts at credit unions and financial cooperatives in Bangladesh has steadily increased in recent years.
- Financial inclusion is a key development priority for the Bangladeshi government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by households at credit unions and financial cooperatives in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access to formal banking services for households in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bank, the central bank of Bangladesh.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess financial inclusion and the accessibility of banking services for Bangladeshi households.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and availability from the Bangladesh Bank.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Household Accounts at Credit Unions and Financial Cooperatives for Bangladesh (BGDFCAODUHNUM), retrieved from FRED.