Use of Financial Services: Number of Depositors at Other Financial Intermediaries for Bangladesh
BGDFCDOFMPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
26.32%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of depositors at financial intermediaries in Bangladesh, excluding commercial banks. It provides insights into the broader use of financial services in the country's economy.
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 Financial Intermediaries for Bangladesh' series tracks the total number of depositors at non-bank financial institutions in Bangladesh, such as microfinance organizations, cooperatives, and other lenders. This metric offers a window into financial inclusion and access to a range of financial services beyond traditional banking.
Methodology
The data is collected by the Bangladesh Bank, the country's central bank, through surveys and reports from participating financial institutions.
Historical Context
This trend is used by policymakers, economists, and financial analysts to evaluate the development of Bangladesh's financial sector and financial inclusion efforts.
Key Facts
- Bangladesh has a population of over 160 million people.
- The number of depositors at non-bank financial institutions in Bangladesh has steadily increased in recent years.
- Financial inclusion is a key development priority for the Bangladeshi government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of depositors at financial intermediaries in Bangladesh, excluding commercial banks. It provides insights into the broader use of financial services in the country's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and access to a range of financial services beyond traditional banking in Bangladesh, which is a key development priority for the country.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bank, the country's central bank, through surveys and reports from participating financial institutions.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial analysts to evaluate the development of Bangladesh's financial sector and financial inclusion efforts.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the Bangladesh Bank, and there could be limitations in coverage or reporting by some financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Other Financial Intermediaries for Bangladesh (BGDFCDOFMPENUM), retrieved from FRED.