Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Bangladesh
BGDFCDODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140,430.00
Year-over-Year Change
255.85%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are depositors with other deposit-taking institutions in Bangladesh. It provides insights into the level of SME engagement with the country's financial services sector.
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 number of SME depositors at non-bank deposit-taking institutions in Bangladesh is an important indicator of financial inclusion and access to formal banking services for this key business segment. Policymakers use this data to monitor the penetration of financial services among SMEs and inform initiatives to promote SME development.
Methodology
The data is collected by the Bangladesh Bank through surveys of other deposit-taking institutions.
Historical Context
This trend is used by policymakers and analysts to assess financial sector development and support for small businesses in Bangladesh.
Key Facts
- Bangladesh has over 8 million SMEs, accounting for 99% of businesses.
- SMEs contribute about 25% to Bangladesh's GDP.
- Access to formal banking services remains a challenge for many Bangladeshi SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that have deposit accounts with non-bank deposit-taking institutions in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and access to formal banking services for SMEs, which are a critical driver of economic growth in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bank through surveys of other deposit-taking institutions in the country.
Q: How is this trend used in economic policy?
A: Policymakers use this data to monitor the penetration of financial services among SMEs and inform initiatives to promote SME development and financial inclusion in Bangladesh.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and collection, and may not capture all SME depositors in the informal financial sector.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Bangladesh (BGDFCDODDSPENUM), retrieved from FRED.