Use of Financial Services: Key Indicators, Depositors/customers with All Microfinance Institutions (MFIs) Per 1000 Adults for Bangladesh
BGDFCDODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
225.44
Year-over-Year Change
43.29%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the number of depositors or customers with microfinance institutions (MFIs) per 1,000 adults in Bangladesh. It provides insights into financial inclusion and access to microfinance services.
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: Key Indicators, Depositors/customers with All Microfinance Institutions (MFIs) Per 1000 Adults for Bangladesh trend tracks the reach and penetration of microfinance services in the country. It is a key indicator of financial inclusion and can inform policies and programs aimed at expanding access to basic financial services.
Methodology
The data is collected and calculated by the World Bank based on information provided by microfinance institutions in Bangladesh.
Historical Context
This trend is relevant for policymakers, development economists, and financial sector analysts interested in assessing financial inclusion and the impact of microfinance initiatives.
Key Facts
- Bangladesh has one of the largest microfinance sectors in the world.
- Microfinance has been a key driver of financial inclusion in Bangladesh.
- The number of depositors with MFIs per 1,000 adults has steadily increased over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors or customers with microfinance institutions (MFIs) per 1,000 adults in Bangladesh. It provides insights into financial inclusion and access to microfinance services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, development economists, and financial sector analysts interested in assessing financial inclusion and the impact of microfinance initiatives in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information provided by microfinance institutions in Bangladesh.
Q: How is this trend used in economic policy?
A: This trend is used to inform policies and programs aimed at expanding access to basic financial services and promoting financial inclusion in Bangladesh.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and limitations due to the challenges of collecting information from a large number of microfinance institutions across Bangladesh.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors/customers with All Microfinance Institutions (MFIs) Per 1000 Adults for Bangladesh (BGDFCDODMFANUM), retrieved from FRED.