Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Bangladesh
BGDFCBODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
195,226.00
Year-over-Year Change
21.90%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the number of branches, excluding headquarters, for credit unions and financial cooperatives in Bangladesh. It provides insights into the geographical outreach 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: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Bangladesh series tracks the branch network of these community-based financial organizations outside of their central offices. This metric is used to assess the financial inclusion and penetration of credit unions and cooperatives across the Bangladeshi economy.
Methodology
The data is collected and reported by the Central Bank of Bangladesh.
Historical Context
Policymakers and financial regulators use this trend to monitor the expansion of credit union and cooperative services.
Key Facts
- Bangladesh has over 7,000 credit unions and financial cooperatives.
- The total number of branches excluding headquarters exceeds 15,000.
- Credit unions serve over 8 million members in Bangladesh.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branches, excluding headquarters, for credit unions and financial cooperatives operating in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographical outreach and accessibility of community-based financial institutions, which is important for assessing financial inclusion and penetration across the Bangladeshi economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this trend to monitor the expansion of credit union and cooperative services and inform policies aimed at promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Bangladesh, but there may be occasional delays or limitations in the reporting.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Bangladesh (BGDFCBODUNUM), retrieved from FRED.