Use of Financial Services: Number of Depositors at Other Financial Corporations for Bangladesh
BGDFCDOFPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,854,061.00
Year-over-Year Change
388.40%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of depositors at financial institutions in Bangladesh, excluding commercial banks. It provides insights into the level of financial inclusion and the use of non-bank financial 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 Financial Corporations for Bangladesh' metric tracks the total number of deposit accounts held at non-bank financial institutions in Bangladesh. This data offers a broader perspective on financial sector development beyond just commercial banking activity.
Methodology
The data is collected by the Bangladesh Bank, the central bank of Bangladesh, through surveys and regulatory reporting.
Historical Context
This trend is used by policymakers and analysts to assess the depth and breadth of financial intermediation in the Bangladeshi economy.
Key Facts
- Bangladesh has a population of over 160 million people.
- The number of depositors at non-bank financial institutions in Bangladesh has grown steadily in recent years.
- Financial inclusion is a key policy priority for the Bangladeshi government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held at financial institutions in Bangladesh, excluding commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the depth and breadth of financial intermediation in Bangladesh beyond just the commercial banking sector, which is relevant for assessing financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bank through surveys and regulatory reporting from non-bank financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the development of the broader financial sector in Bangladesh and inform policies aimed at promoting financial inclusion.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in coverage of all non-bank financial institutions in Bangladesh.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Other Financial Corporations for Bangladesh (BGDFCDOFPENUM), retrieved from FRED.