Use of Financial Services: Key Indicators, Depositors with Credit Unions and Financial Cooperatives Per 1000 Adults for Bangladesh
BGDFCDODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.13
Year-over-Year Change
6.54%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of depositors with credit unions and financial cooperatives per 1,000 adults in Bangladesh. It provides insights into financial inclusion and the utilization of these community-based financial 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 with Credit Unions and Financial Cooperatives Per 1000 Adults for Bangladesh' metric tracks the accessibility and penetration of these institutions within the Bangladeshi population. It is an important indicator of financial inclusion and the reach of community-based banking services.
Methodology
The data is collected through surveys and financial institution reports.
Historical Context
This trend is used by policymakers and development organizations to assess financial inclusion efforts and guide strategies to expand access to credit and savings services.
Key Facts
- Bangladesh has over 9,000 credit unions and cooperatives.
- The depositor rate per 1,000 adults was 229 in 2020.
- Financial inclusion is a key development goal in Bangladesh.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors with credit unions and financial cooperatives per 1,000 adults in Bangladesh. It provides insights into financial inclusion and the utilization of these community-based financial services.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of financial inclusion and the reach of community-based banking services in Bangladesh. It is relevant for policymakers, development organizations, and analysts interested in understanding financial access and the role of microfinance institutions.
Q: How is this data collected or calculated?
A: The data is collected through surveys and financial institution reports.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and development organizations to assess financial inclusion efforts and guide strategies to expand access to credit and savings services in Bangladesh.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, and the collection methodology could vary across different sources.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors with Credit Unions and Financial Cooperatives Per 1000 Adults for Bangladesh (BGDFCDODUANUM), retrieved from FRED.