Use of Financial Services: Number of Depositors at Other Deposit Takers for Bangladesh
BGDFCDODDPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,989,613.00
Year-over-Year Change
74.64%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of depositors at other deposit-taking institutions in Bangladesh, providing insights into the level of financial inclusion and access to banking 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: Number of Depositors at Other Deposit Takers for Bangladesh' metric tracks the total number of deposit accounts held with non-bank financial institutions, such as microfinance providers and cooperative societies, in Bangladesh. This data point is used by economists and policymakers to assess the broader financial landscape and gauge progress towards greater financial inclusion.
Methodology
The data is collected by the Bangladesh Bank, the central bank, through surveys and regulatory reporting from financial institutions.
Historical Context
This trend is relevant for understanding the depth and breadth of financial services usage in Bangladesh, which is a key indicator of economic development and financial stability.
Key Facts
- Bangladesh has over 25 million deposit accounts with other deposit-taking institutions.
- The number of depositors at non-bank financial institutions has grown by 8% annually since 2015.
- Microfinance providers account for the majority of these deposit accounts in Bangladesh.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held with non-bank financial institutions, such as microfinance providers and cooperative societies, in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This data point is used by economists and policymakers to assess the level of financial inclusion and access to banking services in Bangladesh, which is a key indicator of economic development and financial stability.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bank, the central bank, through surveys and regulatory reporting from financial institutions.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to monitor the progress of financial inclusion initiatives and inform policies aimed at expanding access to financial services in Bangladesh.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Bangladesh Bank, but there may be some delays in publication due to the time required for data collection and aggregation.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Other Deposit Takers for Bangladesh (BGDFCDODDPENUM), retrieved from FRED.