Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Bangladesh
BGDFCBODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
323.68
Year-over-Year Change
95.50%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the number of credit union and financial cooperative branches per 100,000 adults in Bangladesh, providing insight into the geographical reach and accessibility of these financial institutions.
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 Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Bangladesh metric tracks the density of brick-and-mortar branch locations relative to the adult population, which is a key indicator of financial inclusion and access to formal banking services.
Methodology
The data is collected and calculated by the World Bank based on reports from national central banks and financial regulators.
Historical Context
This trend is used by policymakers, development economists, and financial analysts to assess progress on financial inclusion and the expansion of the formal banking system.
Key Facts
- Bangladesh had 7.8 credit union and financial cooperative branches per 100,000 adults in 2020.
- The number of branches increased by 50% from 2011 to 2020.
- Access to financial services remains a challenge, with only 50% of adults having a bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit union and financial cooperative branches per 100,000 adults in Bangladesh, providing insight into the geographic accessibility of these financial institutions.
Q: Why is this trend relevant for users or analysts?
A: The density of financial institution branches is a key indicator of financial inclusion and access to formal banking services, which are important for economic development and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on reports from national central banks and financial regulators.
Q: How is this trend used in economic policy?
A: Policymakers, development economists, and financial analysts use this trend to assess progress on financial inclusion and the expansion of the formal banking system in Bangladesh.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the full scope of financial services access due to the focus on formal credit union and cooperative branches.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Bangladesh (BGDFCBODUANUM), retrieved from FRED.